GKN REORGANISES JOINT VENTURE
<GKN Plc> said it and <Zahnradfabrik
Friedrichshafen AG> would reorganise the ownership structure of
their <Viscodrive GmbH> joint venture.
    Under the agreement, GKN's Uni-Cardan AG unit would
increase its stake in Viscodrive to 75 pct from 50 pct, while
ZF's stake would drop to 25 pct.
     At the same time ZF would take an 80 pct stake in a new
company, <Steertec Lenkungen GmbH> leaving Uni-Cardan with 20
pct.
    Viscodrive manufactures viscous control units while
Steertec will develop power steering systems.
 REUTER
