Stuttgart, July 26, 2010-The two large Stuttgart automotive suppliers MAHLE and BEHR have agreed that MAHLE will take over shares in BEHR in several stages.
The two first stages of the participation will be covered by a unilateral capital increase by MAHLE. In the first stage (2010) MAHLE will take on 19.9 percent of shares; in the second stage, at the beginning of 2011, the participation will be increased to 36.85 percent. The contract also provides that MAHLE can purchase additional shares from the current shareholders by exercising a call option starting in 2013, and can thereby take over the majority of BEHR. It also provides current BEHR shareholders with the potential to then sell their shares to MAHLE in several steps over a period of ten years. Read more