May 12, 2009 / 7:09 AM / 10 years ago

Market Chatter -- Corporate finance press digest

LONDON, May 12 (Reuters) - The following corporate finance-related stories involving U.S., European and Asian companies were reported by media on Tuesday:

* Bank of America (BAC.N) sold about $7.3 billion worth of shares in China Construction Bank (601939.SS) (0939.HK) to investors that include Hopu Investment Management Co and Temasek Holdings TEM.UL, Bloomberg said, citing two people with knowledge of the matter. [ID: nLC595087].

* Chemical maker Mitsui Chemicals Inc (4183.T) and Japan’s third-largest refiner, Idemitsu Kosan Co (5019.T), are considering integrating their China Prefecture oil refining and ethanol production operations, the Nikkei business daily reported. [ID:nBNG459123]

* Veolia Environnement (VIE.PA) is studying the sale of its Veolia rail cargo unit, Les Echos newspaper said, without citing sources. [ID:nLC490256]

* Citigroup (C.N) is using its $45 billion in government capital to make nearly that much in new loans, the New York Times said, citing the firm’s managing director and co-head of public finance, David Brownstein, in an interview with The Associated Press.

* Monier, the struggling former Lafarge roofing business, rejected a bid from its owner, private equity firm PAI, the FT said, without citing sources. The newspaper said lenders are now working on their own plan to restructure the company.

Compiled by Victoria Howley; editing by Karen Foster

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