March 18, 2015 / 7:42 PM / 4 years ago

Deals of the day-Mergers and acquisitions

(Adds Ocwen, ICBPI, Zimmer; Updates Lafarge)

March 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Ocwen Financial Corp said it was selling residential mortgage servicing rights worth $9.6 billion to a subsidiary of Walter Investment Management Corp. The deal is the latest in a series of steps by Ocwen to slim down its operations amid regulatory scrutiny over its business practices.

** U.S. private equity firm Lone Star is one of four bidders expected to table offers for Italian banking services provider ICBPI by a March 23 deadline, three sources familiar with the matter said.

** Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday that they would jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market.

** Public Investment Corporation (PIC), South Africa’s biggest pension fund, said it paid 22 billion rand ($1.8 billion) for 20 percent stakes in two solar power stations expected to add 200 megawatts of power to the national grid.

** Bank Leumi, Israel’s second-largest lender, said on Wednesday it sold 310 million shekels ($77 million) worth of shares in Mobileye, a maker of vision software for vehicle cameras.

** Property group Deutsche Wohnen launched its 11.50 euro per share cash bid for Austrian rival Conwert on Wednesday and ruled out sweetening the price despite criticism from some Conwert shareholders.

** Conwert’s supervisory board has taken note of Deutsche Wohnen’s bid and said it will respond within 10 working days.

** The British government is still considering Russian billionaire Mikhail Fridman’s acquisition of North Sea gas fields, but has made clear it has the power to require him to sell the assets, Prime Minister David Cameron’s spokesman said.

** Cement makers Holcim and Lafarge, seeking to save their merger deal, are discussing a new leadership for the combined group which would give Lafarge’s boss Bruno Lafont a lesser role, sources familiar with the matter said.

** The London Metal Exchange said it is selling its entire stake of about 2 percent in clearing house LCH.Clearnet to Borsa stanbul and will work with the Turkish stock exchange to develop products for the steel market.

** Raiffeisen Bank International is in talks with the European Bank for Reconstruction and Development about co-investing in Ukraine, Chief Executive Karl Sevelda told German newspaper Handelsblatt.

** German engineering and services firm Bilfinger has no plans to split off businesses that pushed the company into a deep crisis last year, its interim chief executive said.

** European Union antitrust regulators are set to give conditional approval to U.S. medical device maker Zimmer’s proposed $13.4 billion takeover of rival Biomet , two people with knowledge of the matter said.

$1 = 4.01 shekels $1 = 0.94 euros $1 = 12.3872 rand Compiled by Yashaswini Swamynathan and Natalie Grover in Bengaluru

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