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Stock market news: In short news style a la Twitter/X. Everything that is relevant - at a glance. The entry page for the informed investor. Compact, worth knowing and always up to date. Directly from the IR departments of the companies.
DE000SHA0159
Wed, 13.03.2024
Schaeffler AG
Schaeffler and Vitesco enter into merger agreement
Merger agreement signed following approval by the respective Supervisory Boards
Exchange ratio of 11.4 Schaeffler shares per Vitesco share confirmed
Completion of the merger is still expected in the fourth quarter of 2024 following the approval of the respective Annual General Meetings
Herzoge [ … ]
Tue, 05.03.2024
Schaeffler AG
Schaeffler publishes Sustainability Report 2023
Sustainability strategy with ten actionable areas along the three ESG dimensions
Decarbonization as the main environmental challenge
Product development as key to sustainable technological transformation
Social responsibility and values-based corporate governance
Herzogenaurach, Germany | March [ … ]
Tue, 05.03.2024
Schaeffler AG
Schaeffler Group improves profitability in 2023
Schaeffler Group revenue up 5.8 percent at constant currency to 16.3 billion euros (prior year: 15.8 billion euros)
EBIT before special items improved to 1,187 million euros (prior year: 1,046 million euros), EBIT margin before special items at 7.3 percent (prior year: 6.6 percent)
Automotive Te [ … ]
Mon, 26.02.2024
Schaeffler AG
Schaeffler Announces New Automotive Manufacturing Facility
Future of mobility development workforce in Ohio to add 650 jobs by 2032
Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
Investment reflects Schaeffler’s ambition to realize growth potential in the Americ [ … ]
Mon, 26.02.2024
Schaeffler AG
Publication of inside information pursuant to Article 17 ofRegulation (EU) No. 596/2014
Schaeffler AG reaches agreement with Vitesco Technologies Group AG on a preliminary exchange ratio of 11.4 Schaeffler shares per Vitesco share for the intended merger.
Herzogenaurach, February 26, 2024 – Schaeffler AG (“Schaeffler”) has preliminarily agr [ … ]
Fri, 23.02.2024
Schaeffler AG
Schaeffler Group reappoints CEOs of both automotive divisions
Herzogenaurach | February 23, 2024 | At its meeting today, the Supervisory Board of Schaeffler AG agreed to renew the contracts of Executive Board members Matthias Zink and Jens Schüler for five years each, effective January 1, 2025. Matthias Zink (54) has been a member of the Executi [ … ]
Thu, 08.02.2024
Schaeffler AG
CDP rating: Schaeffler receives an “A” score in the climate change category
Schaeffler achieves CDP “A” rating in the climate change category
CDP result confirms Schaeffler’s sustainability strategy
Climate Action Plan drives implementation
Herzogenaurach, Germany | February 8, 2024 | Schaeffler has been awarded an “A” score in the climate cha [ … ]
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 [ … ]