FRANKFURT, Sept 19 (Reuters) - German automotive supplier ZF Friedrichshafen will not reenter the race for Swedish brake-systems maker Haldex after Knorr-Bremse dropped its 5.5 billion Swedish crown ($693 million) bid, it said on Tuesday.
“The situation has not changed for us. We are currently still the largest shareholder. At the moment, we have no reason to submit a new bid for Haldex,” ZF said in a statement. ($1 = 7.9410 Swedish crowns) (Reporting by Ilona Wissenbach; Writing by Georgina Prodhan; Editing by Christoph Steitz)