ZF announces plan to sell holding in Haldex
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By Jim Gibbins - 1st October 2019
Sweden/Germany - Haldex AB ofStockholm, Sweden, has issued a statement saying its largest shareholder, ZF Friedrichshafen AG, intends to divest its 20% shareholding in Haldex, reportedly consisting of 8.9 million shares.
On hearing this, Jörgen Durban, chairman of the Haldex board, remarked: “This is a message both our customers and we, have been waiting for since ZF made a bid for our competitor Wabco earlier this year. It is clear many of our customers are worried about the competitive situation on the brake market when one and the same player has ownership interests in two competing businesses.”
