ZF places stake in Haldex with institutional investors
Haldex shares were placed at SEK50 per share
ZF Friedrichshafen has successfully placed 8.9 million shares that it held in Swedish supplier Haldex to institutional investors, the German-based company said in a press release on 20 September. The shares were equivalent to 20% of Haldex’s outstanding share capital. ZF placed Haldex shares at price of SEK50.00 (USD5.15) per share. The share placement was done through ZF International BV, a wholly owned subsidiary of ZF Friedrichshafen and were managed by Friedrichshafen by JP Morgan Securities as bookrunner.
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