Schaeffler Goes Public in Germany - Engine Builder Magazine

Schaeffler Goes Public in Germany

Shares for global automotive and industrial supplier Schaeffler are now being offered on the Frankfurt Stock Exchange. The company announced it would list 166 million new and non-voting common shares of Schaeffler AG.

schaeffler-hqShares for global automotive and industrial supplier Schaeffler are now being offered on the Frankfurt Stock Exchange. The company announced it would list 166 million new and non-voting common shares of Schaeffler AG.

The public offering will allow Schaeffler reduce its financial debt for both Schaeffler AG and Schaeffler Holding, in hopes to financially strengthen the company.

“Over the last years we have consistently focused the Schaeffler Group towards the capital markets. The planned listing is a strategic step to further reduce our indebtedness and to improve the capital structure. We thus obtain further financial flexibility to seize additional growth opportunities,” said Klaus Rosenfeld, CEO of Schaeffler AG in release.

The new and existing non-voting common shares will be distributed to institutional investors in Europe, North America and elsewhere through a bookbuilding process, the company said.

Schaeffler plans to pay a dividend of 25-35% of the annual net income to shareholders starting in 2015, it said.
Despite the IPO, Schaeffler plans to remain a family company.

“The Schaeffler Group will remain a family business in the future. As shareholders we will take responsibility to further successfully develop our company in the interest of our customers, our suppliers, and our many employees,” said Maria-Elisabeth Schaeffler-Thumann, shareholder and deputy chairperson of the supervisory board.

You May Also Like

Drag-N-Drive World Champion Announced for 2023

Drag-N-Drive Addiction awards the inaugural Drag-N-Drive World Champion presented by Summit Racing.

The drag-and-drive community celebrates a milestone as Summit Racing will present the inaugural Drag-N-Drive World Champion at PRI 2023. Collaborating with Summit Racing and multiple racers, Drag-N-Drive Addiction introduced a Points Series for 2023, marking a groundbreaking achievement for the sport.

Racers earned points based on racing days, podium finishes, and average ET, with additional bonuses for record-breaking performances. Eligible events had to meet specific criteria, ensuring rigorous competition and widespread participation.

Borowski Race Engines to Exhibit at 2023 PRI Show

Founded in 1968, Borowski Race Engines, Inc. is a world-recognized leader in the high-end of the LS engine market and has been expanding its scope into other popular American V8s. The shop is thrilled to have two awesome cars and a full lineup of Facebook Live speakers at its booth #409 for PRI 2023. Related

GM Registers as a Formula 1 Power Unit Manufacturer

General Motors announced it has formally registered with the FIA as a Formula 1 power unit manufacturer starting in the 2028 season. Related Articles – Hot Shot’s Secret Wins AAPEX Packaging Award for Innovation – ARP Named HRIA Business of the Year – NHRA Lucas Oil Drag Racing Series 2023 Schedule “We are thrilled that

SCCA Hall of Fame 2024 Class Announced

The Sports Car Club of America just announced their SCCA Hall of Fame Class of 2024, with five members getting the nod. Anatoly Arutunoff, Bruce Foss, Victoria “Vicki” O’Connor, Terry Ozment, and Fred Wacker Jr. will make up the 2024 class, joining just over 100 others who have been presented with the honor since the

Kyle Larson, Brad Sweet’s High Limit Racing Partners With FloRacing

High Limit Racing, founded and owned by NASCAR champion Kyle Larson and five-time World of Outlaws champion Brad Sweet, is expanding in 2024. The formerly named High Limit Sprint Car Series is adding events and increasing driver payouts while broadening its partnership with FloSports. The midweek race series will evolve into a 50-plus race night

Other Posts

PRT Releases 15 New Products on Complete Strut Assemblies

The new items come to extend the PRT portfolio in North American Market and represents more than 5 Million vehicles in new coverage.

PRT Will Present Various Product Lines at AAPEX 2023

Some of the launches apply to new vehicles, and one highlights is the new PRT complete strut assembly for the 2023 Toyota Tacoma.

Indy 500 Winner Tony Kanaan Will Highlight PRI’s 2023 Grand Opening Breakfast

The 2023 PRI Show will kick off with the annual Grand Opening Breakfast – an annual tradition for thousands of motorsports professionals from all over the world. Related Articles – QualCast Debuts 2023 Heavy Duty Catalog – NHRA Announces Mission Foods as New Title Sponsor – Brent Berman Appointed Vice President of Sales and Marketing

QualCast Debuts 2023 Heavy Duty Catalog

QualCast, a leading  distributor of the best quality aftermarket engine products since 1997, is proud to share the debut of their 2023 Heavy Duty Catalog. Newly added products include heavy duty valve train kits, cast iron cylinder heads and black lightening diesel performance valves and valve train kits! Related Articles – Ford Performance’s IMSA-Sanctioned Mustang