ZF Intends to Tender its Entire Holding in Haldex into Knorr-Bremse Offer

ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V. (ZF), recently announced that it has reduced its shareholding in Haldex Aktiebolag (publ) (Haldex or the Company) to 20.11 percent of the total share capital as of today and intends to accept Knorr-Bremse AG’s (Knorr-Bremse) tender offer at SEK 125 in cash per share for its entire remaining stake. ZF previously held 21.67 percent in Haldex and as such is Haldex’s largest shareholder.

ZF has been and continues to be committed to creating favourable conditions for the Company and its business while protecting the interests of ZF and reducing its financial exposure. The intention to tender supports ZF’s aim of increasing stability for Haldex, its employees, and its customers.

ZF is staying true to its strategy 2025, aimed at meeting future megatrends of the industry, and will continue to invest in and expand ZF’s diverse product portfolio in the future.