American Axle (AXL) said it plans to pursue a secondary share listing in London following its $1.4 billion purchase of Dowlais, the owner of GKN Automotive, Reuters reported Friday, citing a company statement.

The company reportedly said the move would help broaden access for current and potential investors seeking exposure to the combined business.

The cash-and-stock deal for Dowlais, announced in January, aims to create scale amid an auto industry facing electric vehicle volatility and global competition, Reuters reported.

American Axle said the ongoing regulatory process is proceeding as expected, and the combination remains strategically attractive in light of global developments, the news outlet reported.

American Axle did not immediately respond to MT Newswires' request for comment.

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