March 28, 2019 / 9:46 AM / 6 months ago

Deals of the day-Mergers and acquisitions

(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 confirmed it would sell itself to German rival ZF Friedrichshafen for over $7 billion.

** Deutsche Bank said it was too early to assess the need for capital if it were to merge with Commerzbank .

** EnBW 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 is still weighing options for its British-based Arriva division including a complete or partial sale or a listing, the company’s finance chief said.

** Japan Exchange Group (JPX), 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 launched a tender to buy Scout24, saying they supported acquisitions by the German cars-to-property classifieds group to expand the business.

** Debenhams’ 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 and wipe out shareholders.

** Steinhoff 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, India’s second-biggest IT services company, said it would buy a 75 percent stake in ABN AMRO Group NV’s mortgage administration services unit for 127.5 million euros ($143.5 million).

** Singapore Technologies Engineering will buy Belgium-based satellite equipment maker Newtec Group NV for 250 million euros ($281.2 million).

** Nissan Motor Co CEO Hiroto Saikawa said he was not aware of discussions about the possibility that its French partner Renault SA was considering a bid for Fiat Chrysler Automobiles. (Compiled by Bharath Manjesh in Bengaluru)

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