The Haldex Board withdraws its support for the Knorr-Bremse bid
”Competition Authorities very unlikely to approve the acquisition”The European Competition Authority has expressed serious doubts concerning six of the eight product areas in which Haldex conducts its business. Based on the feedback from the Competition Authority the Haldex Board considers the probability of regulatory approval so low that the Board has decided not to assist Knorr-Bremse in the continued competition investigations. The Board also considers that an in-depth competition investigation by the European Competition Authority is unavoidable and that the acceptance period therefore