Business Standard

ZF Friedrichshafen issues draft offer to acquire 25% shares in Wabco India

The open offer was triggered after the German company acquired US-based Wabco Holdings, and the offer price is Rs 7,067.51 per offer share, totalling Rs 3351.34 crore.

Need cash now? Avoid taking a personal loan for discretionary purchases
Premium

The shares of Wabco India will be acquired by ZF Friedrichshafen, along with Wabco Asia Pvt Ltd, LucasVarity and ZF International UK Ltd. Wabco Holdings Inc and ZF Friedrichshafen AG last month announced that they had received regulatory clearance from Chinese State Administration for the merger.

Gireesh Babu Chennai
German company ZF Friedrichshafen AG along with related firms, has issued a draft offer letter for the open offer to acquire a 25 per cent stake in auto component maker Wabco India, by acquiring 4.74 million equity shares from public shareholders. The open offer was triggered after the German company acquired US-based Wabco Holdings, and the offer price is Rs 7,067.51 per offer share, totalling Rs 3351.34 crore.

Both the German company and Wabco US have highly complementary and innovative technology offerings to address future demand for advanced mobility in the area of commercial vehicles. Besides, the merger will strengthen

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 10 2020 | 10:18 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com