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Tuesday, January 4, 2011

Market Chatter -- Corporate finance press digest

The following corporate finance-related stories were reported by media on Wednesday: * Vietnam's oil and gas group Petrovietnam plans to sell a 49 percent stake in its Dung Quat oil refinery to help provide funding put at $1 billion to expand the plant's capacity, a state-run news website said. [ID:nSGE70400N] * State oil and gas group Petrovietnam has delayed a plan to sell offshore bonds worth $1 billion, a state-run news website reported, after Vietnam's credit ratings were downgraded last year. [ID:nSGE70400H] * India's top engineering and construction company, Larsen & Toubro , has started a restructuring plan to split the conglomerate into nine companies, the Economic Times reported on Wednesday. [ID:nBMA009253] (Compiled by Purwa Naveen Raman in Bangalore)

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