SKF Proposes Listing of Automotive Business, SKF Vertevo, and Convenes EGM
SKF's Board of Directors has resolved to propose the distribution and listing of its Automotive business, SKF Vertevo. An Extraordinary General Meeting will be held on October 1, 2026.
AB SKF's Board of Directors has decided to propose the separation and stock exchange listing of the company's Automotive business, SKF Vertevo. To facilitate this decision, an Extraordinary General Meeting (EGM) has been convened for October 1, 2026.
The proposed listing is intended to take place on the New York Stock Exchange or another comparable international marketplace. SKF Vertevo's business focuses on the automotive industry and related applications, including electric vehicles.
If the proposal is approved at the EGM, SKF Vertevo will operate as an independent publicly traded company. SKF shareholders are expected to receive shares in the new entity.
The company anticipates that a separate listing will strengthen SKF Vertevo's position as a supplier to the automotive sector and enable its continued development as a standalone business.