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ZF places stake in Haldex with institutional investors

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Corporate developments

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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