Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

(Adds Wabco, Deutsche Bank , EnBW, Deutsche Bahn; Updates Japan Exchange Group )

March 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:

** U.S. auto parts maker Wabco Holdings Inc WBC.N confirmed it would sell itself to German rival ZF Friedrichshafen ZFF.UL for over $7 billion. Deutsche Bank DBKGn.DE said it was too early to assess the need for capital if it were to merge with Commerzbank CBKG.DE . EnBW EBKG.DE unveiled a 12-billion euro ($13.5 billion) investment plan and said it was close to acquiring French renewable group Valeco, as the German utility continues its strategy of moving away from fossil fuels. Germany's state-owned railway operator Deutsche Bahn DBN.UL is still weighing options for its British-based Arriva DBAHNA.UL division including a complete or partial sale or a listing, the company's finance chief said. Japan Exchange Group (JPX) 8697.T , owner of the Tokyo Stock Exchange, said it would take over the Tokyo Commodity Exchange (TOCOM) to create an all-in-one bourse that would attract more international traders and investors. Private equity houses Hellman & Friedman and Blackstone (NYSE: BX ) launched a tender to buy Scout24 G24n.DE , saying they supported acquisitions by the German cars-to-property classifieds group to expand the business. Debenhams' DEB.L bondholders have agreed to change the terms of some of their bonds, moving the ailing British department store group closer to a refinancing deal that could thwart a bid from Mike Ashley's Sports Direct (LON: SPD ) and wipe out shareholders. Steinhoff SNHJ.J has sold a majority stake in its South African auto dealerships unit, it said, days after selling its stake in a local industrial group to shore up its finances following a devastating accounting fraud. Infosys Ltd INFY.NS , India's second-biggest IT services company, said it would buy a 75 percent stake in ABN AMRO Group NV's ABNd.AS mortgage administration services unit for 127.5 million euros ($143.5 million). Singapore Technologies Engineering STEG.SI will buy Belgium-based satellite equipment maker Newtec Group NV for 250 million euros ($281.2 million). Nissan Motor Co 7201.T CEO Hiroto Saikawa said he was not aware of discussions about the possibility that its French partner Renault SA RENA.PA was considering a bid for Fiat Chrysler Automobiles FCHA.MI .

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