SKF Shareholders Approve Vertevo Spin-off Ahead of December Listing

Under the approved plan, SKF shareholders will receive one share in SKF Vertevo for every five shares held in the parent company, with the ratio applying equally to both class A and class B stocks. Håkan Buskhe, Chair of the Board of SKF Vertevo, described the support as a milestone in establishing the unit as an independent entity capable of creating long-term value within the automotive sector.

The board has been authorized to set the record date for the distribution, which is currently slated for 27 November 2026. Trading of SKF Vertevo shares on Nasdaq Stockholm is expected to commence on 1 December 2026. Prior to the listing, the company will publish a formal prospectus in November and host a Capital Markets Day in Stockholm on 17 November to detail its future strategy. Following this distribution, SKF will reclassify its Automotive segment as discontinued operations in its financial reporting.