SKF to list Automotive separately [Yahoo! Finance]
SKF AB S/ADR (SKFRY)
NASDAQ:AMEX Investor Relations:
skf.com/group/investors/investor-relations
Company Research
Source: Yahoo! Finance
with the objective of a separate listing on Nasdaq Stockholm through a Lex Asea distribution to shareholders. The intention is to list on Nasdaq during the first half of 2026. "Given different business dynamics, end markets and success drivers for the industrial and automotive business segments, a separation will facilitate a clearer focus on distinct opportunities to enhance customer value, accelerate growth as well as improve efficiency and competitiveness," the supplier said in a statement. "Both businesses are global leaders in their respective fields and will through a clearer focus increase customer value and leverage on their strategies as standalone companies," said chair Hans Straberg. "The board and management therefore believe that long-term value can be created by splitting the group into two separate companies, benefiting customers, employees and shareholders." A separation would increase automotive's ability to adapt faster to transforming global automotive mar
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- SKF confirms dates for CFO transition [Yahoo! Finance]Yahoo! Finance
- SKF confirms dates for CFO transitionPR Newswire
- SKF confirms dates for CFO transitionPR Newswire
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- SKF interim report Q3 2024: Solid margin and strong cash flow in weak marketsPR Newswire
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- 10/30/24 - Beat
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