Schaeffler AG and Vitesco Technologies Group AG agree on a 11.4:1 share exchange ratio for their proposed merger, combining Germany's two largest auto suppliers for electric mobility.

Schaeffler AG and Vitesco Technologies Group AG have agreed on an exchange ratio of 11.4 Schaeffler shares for each Vitesco share in their proposed merger. The deal, pending approval by valuation experts, merger auditors, and both companies' supervisory boards, will combine Germany's two largest auto suppliers to prepare for the industry's shift to electric mobility. The merger will be effective once entered into the commercial register at both companies' headquarters.

February 26, 2024
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