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The Luxembourg Stock Exchange (LuxSE) successfully admitted to trading the non-voting shares of Schaeffler AG (Schaeffler), the German automotive parts company, on 9 October. Schaeffler is the parent company of Schaeffler Group, a leading global supplier to the automotive and industrial sectors.
It is one of the largest family-controlled technology companies in the world, with around 84,000 employees active in 50 countries. A total of 166 million shares (ISIN DE000SHA0159), representing about 25% of Schaeffler’s share capital, were listed and admitted to trading on the regulated market of LuxSE. The company intends to use the proceeds raised from the share sale to reduce their external debt financing and create financial flexibility for the future growth...
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