American Axle plans secondary London listing after buying GKN Automotive

Reuters

2025/05/16

May 16 (Reuters) - Detroit-based American Axle and Manufacturing AXL.N said on Friday it plans to seek a secondary listing of its shares in London after its $1.4 billion acquisition of GKN Automotive owner Dowlais DWL.L.

"This will ensure a greater range of both existing and prospective shareholders are able to access the future value creation opportunity of the combination," said the company, which is listed on the New York Stock Exchange.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio D'Souza)

((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))

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Editing by Savio D'Souza)</p><p> ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AXL","symbol_name":"American Axle & Mfg","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250516:nL4N3RO0FI:1","article_id":"2535330331","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535330331","pubTimestamp":1747375840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"May 16  - Detroit-based American Axle and Manufacturing AXL.N said on Friday it plans to seek a secondary listing of its shares in London after its $1.4 billion acquisition of GKN Automotive owner Dowlais DWL.L.\"This will ensure a greater range of both existing and prospective shareholders are able to access the future value creation opportunity of the combination,\" said the company, which is listed on the New York Stock Exchange.     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