ZF to tender all Haldex shares to Knorr-Bremse 01 December 2016

ZF announced yesterday (30 November 2016) that it has reduced its shareholding in Haldex to 20.11% of the total share capital and now intends to accept Knorr-Bremse’s offer at SEK 125 per share for its remaining stake.

ZF previously held 21.67% in Haldex, making it the latter’s largest shareholder.

ZF says the decision was made in support of its aim to improve stability for Haldex, its employees, and its customers.

Author
Brian Tinham

Related Companies
Haldex Ltd
Knorr-Bremse for Commercial Vehicles Ltd
ZF Friedrichshafen AG

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