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Monday, February 21, 2011

Market Chatter-Corporate finance press digest, (SAIL), (RBS)

The following corporate finance-related stories were reported by media on Monday: * Steel Authority of India (SAIL.BO) plans to invest $10 billion to build plants in Oman, Indonesia and Mongolia to tap the local demand there, the Mint reported, citing the state-run steelmaker's chairman. [ID:nSGE71K016] * Royal Bank of Scotland (RBS.L) is planning to sell 1.6 billion pounds ($2.60 billion) of unwanted loans from the boom years of the commercial real estate sector, the Financial Times said. [ID:nLDE71K00P]

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