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DE000SHA0159
Fri, 02.02.2024
Schaeffler AG
Shareholders of Schaeffler AG approve conversion of non-voting common shares
Conversion of non-voting common shares into common shares with full voting rights approved with large majority
Conversion intended to become effective with the merger of Vitesco into Schaeffler
Second step of the three-step overall transaction successfully completed
[ … ]
Tue, 23.01.2024
Schaeffler AG
Schaeffler acquires additional stake of 9 percent in Vitesco
Stake previously held by BofA Securities Europe S.A. as part of a Total Return Swap agreement with Schaeffler
Price paid for additional Vitesco shares below the consideration of the tender offer
Together with IHO Holding, Schaeffler holds 88.81 percent of the share capital and voting [ … ]
Tue, 09.01.2024
Schaeffler AG
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN
Schaeffler AG successfully issues bonds to finance the acquisition of Vitesco shares
Bond issuance with a total volume of 1.1 billion euros in two tranches with tenor of two and a half and five and a half years
Issuance procee [ … ]
Thu, 21.12.2023
Schaeffler AG
European Investment Bank finances research and development of sustainable technologies at Schaeffler AG
Loan volume of 420 million euros with a term of up to ten years
Funding of research and development expenses for innovative technologies in the automotive and industrial sectors with a focus on renewable energies, electric mobility, and hydro [ … ]
Wed, 20.12.2023
Schaeffler AG
Schaeffler AG has secured 29.88 percent of Vitesco Technologies Group AG with its public tender offer
Tender offer successful, 11,957,629 Vitesco shares have been tendered
Schaeffler AG stake in Vitesco Technologies Group AG around 30 percent
Completion of tender offer and payment of consideration on January 5, 2024
Extraordinary Ge [ … ]
Fri, 15.12.2023
Schaeffler AG
Klaus Rosenfeld to remain CEO of Schaeffler AG for a further five-year term
Klaus Rosenfeld has been CEO of Schaeffler AG since June 2014
Contract extended for a further five years
Integration of Vitesco Technologies Group AG as important task for the future
Georg F. W. Schaeffler: “Klaus Rosenfeld stands for continuity and progress in equal [ … ]
Mon, 27.11.2023
Schaeffler AG
Schaeffler AG and Vitesco Technologies Group AGSign Business Combination Agreement
Schaeffler and Vitesco Technologies will create a leading Motion Technology Company with four focused “pure-play” divisions
Nine-member Management Board planned; E-Mobility division will be headed by a Vitesco executive
Integration committee with [ … ]
Mon, 20.11.2023
Schaeffler AG
Schaeffler AG appoints Dr. Astrid Fontaine as Chief Human Resources Officer
Dr. Astrid Fontaine has extensive experience in the automotive industry and most recently worked for the Volkswagen Group
Human Resources is playing an important role in the process of integrating Vitesco in the Schaeffler Group
Georg F. W. Schaeffler wants to [ … ]
Tue, 07.11.2023
Schaeffler AG
Schaeffler reports strong third quarter despite challenging market conditions
Schaeffler Group increases revenue for the first nine months of 2023 by 6.6 percent at constant currency to 12.3 billion euros (prior year: 11.8 billion euros), revenue for the third quarter increases by 0.5 percent at constant currency
EBIT margin before special i [ … ]
Mon, 09.10.2023
Schaeffler AG
Schaeffler AG to Launch Public Tender Offer for Outstanding Shares of Vitesco Technologies Group AGto Create a Leading Motion Technology Company
Public tender offer for all outstanding shares of Vitesco Technologies Group AG; offer price of 91 euros represents an attractive premium of around 20 percent on the 3-month volume-weighte [ … ]