Sweden’s SKF plans automotive spin-off
SKF Initiates Separation of Automotive Business Listing
A separate listing on Nasdaq Stockholm will increase the ability of its automotive segment to adapt faster to transforming global automotive markets, by allowing it to make independent business decisions and investments,
Sweden’s SKF plans automotive spin-off after pressure from activist investor Cevian
Shares rally 10% as the world’s largest bearings maker joins other industrial groups seeking to become more focused
SKF India parent co to spin off automotive business, plans Nasdaq Stockholm Listing
The separation will be executed through a Lex Asea distribution to AB SKF’s shareholders, a process that allows the new automotive entity to become an independent company.
SKF India Parent To List Automotive Unit Separately On Nasdaq Stockholm
A separation would increase automotive business’ ability to adapt faster to transforming global automotive markets.
SKF India promoter to separate global automotive business, list on Nasdaq Stockholm
SKF India will be setting up a committee to review and place appropriate proposals before the Board on separation of global automotive business.
SKF initiates a separation of its Automotive business
It is the intention to separate SKF's current Automotive business. As a reference for the full-year 2023, net sales for the Automotive segment amounted to SEK 30 billion with an adjusted operating margin of 5.6%. The corresponding figures for the Industrial segment were SEK 73 billion and 15.4%, respectively.
SKF India parent company to separate global automotive business
The split will be carried out by a Lex Asea distribution to AB SKF shareholders, allowing the new automotive entity to become an independent company.
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SKF to list Automotive separately
The SKF's board has decided to initiate a separation of the automotive business with the objective of a separate listing on ...
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AB SKF (SKFRY) Upgraded to Buy: What Does It Mean for the Stock?
AB SKF (SKFRY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the ...
SKF initiates separation of its automotive biz
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 ...
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Long Term Trading Analysis for (SKF)
Check the time stamp on this data. Updated AI-Generated Signals for Proshares Ultrashort Financials -2x Shares (SKF) ...
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SKFRY or ESAB: Which Is the Better Value Stock Right Now?
Investors interested in Metal Products - Procurement and Fabrication stocks are likely familiar with AB SKF (SKFRY) and Esab (ESAB). But which of these two stocks offers value investors a better bang ...
SKF’s Talk on Intellectual Property Rights Sheds Light on Innovation and Entrepreneurship
The Institution Innovation Council (IIC) Cell of the Supreme Knowledge Foundation (SKF) hosted a compelling session titled ...