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Market Chatter -- Corporate finance press digest

Reuters - Friday, June 26

LONDON, June 26 - The following corporate finance-related stories were reported by media on Friday:

* Four savings banks in Spain's Catalonia region are in advanced talks to create what would be the country's eighth-largest savings bank, La Vanguardia newspaper reported. Unlisted savings banks Sabadell, Terrassa and Manlleu are discussing a merger which Caixa Manresa could also join, it said. [ID:nLQ520004]

* British property investment firm Newriver Retail has shelved its 250 million pound flotation after failing to get investor support for its minimum amount, the Financial Times reported.

* Norway's Telenor <TEL.OL> is close to an agreement with its Russian partner, the Alfa Group, to merge their Russian and Ukrainian mobile telecoms businesses, Vimpelcom <VIP.N> and Kyivstar, Vedomosti newspaper said. [ID:nLQ545158]

* Italy's Banco Popolare <BAPO.MI> will issue the 1.45 billion euro state-backed bonds it plans to strengthen its capital ratios within a month, Chief Executive Pierfrancesco Saviotti told an Italian newspaper. [ID:nLQ451514]

* A group of Japanese companies led by refiner Nippon Oil Corp <5001.T> is in the final stage of talks to win a $10 billion development contract for Iraq's huge Nassiriya oilfield, a Japanese newspaper reported. [ID:nT310077]

* France is preparing to sell up to 15 percent of Areva <CEPFi.PA> to strategic partners in Asia, the Middle East and elsewhere in a bid to raise around 2 billion euros ($2.8 billion) to fund the state-owned nuclear group's development, the Financial Times said. [ID:nLQ462743]

* Global miner BHP Billiton <BHP.AX><BLT.L> is looking to sell its Yabulu and Ravensthorpe nickel operations in Australia as a package, the Australian Financial Review reported. [ID:nSYD514537]

* U.S. auto parts supplier Lear Corp <LEA.N> is preparing to file for bankruptcy as soon as next week, the Wall Street Journal reported, citing people familiar with the matter. [ID:nN25294908]

(Compiled by Steve Slater; Editing by David Holmes and Dan Lalor)

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