Market Chatter- Corporate finance press digest
Feb 26 (Reuters) - The following corporate finance-related stories were reported by media:
* Japan's Mizuho Financial Group Inc is in talks to buy Royal Bank of Scotland Group PLC's North American loan assets, a source with knowledge of the deal told Reuters on Thursday.
* Indian government would wait until crude oil prices stabilize at around $70 a barrel before selling a 5 percent stake in ONGC Ltd, moving disinvestment in the country's most profitable company to the 2015-16 fiscal, the Times of India reported citing government sources. Also, "time was not ripe" for offloading a stake in refiner-marketer Indian Oil Corp, though the matter was "in discussion" within the government, the paper said. (bit.ly/1Atdp6S)
* Russian billionaire Yuri Milner's investment firm DST Global has held talks with India's taxi-hailing startup Ola Cabs to lead a $400 million-$500 million (about 30 billion rupees) financing round at a valuation of $2.5 billion, the Times of India reported citing people familiar with the development.(bit.ly/17ZRwAB)
* Brazil has no plans to pump new capital into Petrobras Brasileiro SA, even after a debt-rating downgrade by Moody's Investors Service threatens to limit the cash-strapped oil company's access to finance and raise its borrowing costs, two government officials told Reuters on Wednesday.