Brief: SKF Starts Separation Of Its Automotive Business
17/09/2024 11:02
Sept 17 (Reuters) - SKF AB SKFb.ST :
* INITIATES A SEPARATION OF ITS AUTOMOTIVE BUSINESS
* INTENTION IS TO LIST AUTOMOTIVE BUSINESS ON NASDAQ
STOCKHOLM
DURING FIRST HALF OF 2026
* SEPARATION WILL FACILITATE A CLEARER FOCUS ON DISTINCT
OPPORTUNITIES TO ENHANCE CUSTOMER VALUE, ACCELERATE GROWTH AS
WELL AS IMPROVE EFFICIENCY AND COMPETITIVENESS
* SEPARATION WOULD INCREASE AUTOMOTIVE'S ABILITY TO ADAPT
FASTER
TO TRANSFORMING GLOBAL AUTOMOTIVE MARKETS
Source text for Eikon: ID:nWkr86Jtfm
Further company coverage: SKFb.ST
(Gdansk Newsroom)
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