on Schaeffler AG (isin : DE000SHA0159)
Trading in Common Shares of Schaeffler Begins on Frankfurt Stock Exchange
Following its merger with Vitesco Technologies Group AG, Schaeffler AG announced the start of trading in its common shares on the Frankfurt Stock Exchange. The new shares, listed under the ticker symbol SHA, debuted at EUR 4.50.
Post-merger, Schaeffler converted its share class, granting all shareholders common shares with full voting rights. This aligns with the company's aim to be included in the MDAX and MSCI Europe indices soon.
Schaeffler's issued shares increased to 944,884,641, with IHO Holding maintaining a 79 percent stake. Approximately 21 percent of shares are in free float. The unified share structure is expected to make Schaeffler more attractive to investors.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Schaeffler AG news