SKF : Spin-off and Lex Asea distribution of Automotive business in H1 2026
>A welcome decision albeit not really expected in the short term - The board of directors of SKF announced during trading yesterday its decision to initiate a separation of its Automotive business (29% of 2023 sales and 12% of adjusted EBIT) through a Lex Asea distribution (equivalent of a tax-free dividend) in a separate listing on Nasdaq Stockholm during first half of 2026. This decision is justified by the different business dynamics, end-markets and success drive...AB SKF is the parent company of the SKF Group, which supplies products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. Services include technical support, maintenance services, condition monitoring, asset optimization, engineering consultancy and training. Co.'s business areas are: SKF Industrial Market - Strategic Industries, which includes bearings and bearing accessories and lubrication systems; SKF Industrial Market - Regional Sales and Service, which develops SKF Solution Factory facilities providing engineering capability; and SKF Automotive, which develops and manufactures bearings, seals and related products and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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