By Arno Schuetze and Sumeet Chatterjee
FRANKFURT/HONG KONG (Reuters) - Car wiring maker Motherson Sumi is in early-stage talks with German peer Leoni over a possible combination of the two companies, two people close to the matter said.
Motherson Sumi, which has been scouting for a sizeable acquisition target in Europe with the help of an investment bank, still needs to work out the financing for a possible deal, expected to be worth more than 1 billion euros ($1.14 billion), one of the people said.
The exact deal structure is still unclear, and deliberations may not result in any deal at all, the sources said.
Motherson Sumi, which has a market cap of $7.1 billion, had no immediate comment. Leoni declined to comment.
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($1 = 0.8806 euros)
(Additional reporting by Aditi Shah and Alexander Hübner; Editing by Maria Sheahan)