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ZF Friedrichshafen Successfully Placed 8.9 Million Shares in Haldex AB

Auto News - Published on Wed, 25 Sep 2019

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ZF Friedrichshafen AG, through its wholly owned subsidiary ZF International BV has successfully placed 8.9 million shares in Haldex AB representing approximately 20% of Haldex’s outstanding share capital, with institutional investors in an accelerated bookbuilding process. The placement price was SEK 50.00 per share and represents a full sell-down by ZF in Haldex. ZF has no longer a strategic interest in a stake in Haldex.

The accelerated bookbuilding was managed by JP Morgan Securities plc as Bookrunner.

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Posted By : Mohan Sharma on Wed, 25 Sep 2019
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