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.
