BANGALORE, April 11 (Reuters) – The following corporate
finance-related stories were reported by media on Wednesday:
* The retail arm of South African bank FirstRand
aims to spend almost 2 billion rand ($254 million) in the next
12 months on expanding its entry-level banking network and its
presence in Africa, the unit’s head told the Business Day
newspaper.
* Russian billionaire Alisher Usmanov may trade part of his
stake in the country’s No.2 mobile phone operator MegaFon
for control in next-generation telecoms provider
Yota, business daily Vedomosti reported on Tuesday.
* The operator of the planned Shanghai Disney theme park has
secured a 12.9 billion yuan ($2 billion) syndicated loan for the
construction of the park, Chinese media reported on Wednesday, a
boost for Walt Disney Co as it embarks on a newly
announced animation venture in China.
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