Haldex implements rights issue of approximately SEK 500 million
Mannheimer Swartling is advising Haldex on a rights issue of approximately SEK 500 million. The main objective of the rights issue is to strengthen the company’s long term financing structure and to increase financial flexibility. The rights issue is subject to approval by an Extraordinary General Meeting to be held on November 24, 2009. The rights issue is 100 percent covered by commitments and guarantees from major shareholders.
Haldex is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex, headquartered in Stockholm, Sweden, is listed on NASDAQ OMX Stockholm. Haldex had a turnover of nearly SEK 9 billion and employed 4,710 people in 2008.
Mannheimer Swartling’s Eva Hägg is responsible for the matter, assisted primarily by Nils Nostell (project leader) and Claes Kjellberg.