Schaeffler's First Day of Trading on the Stock Exchange
FRANKFURT -- Oct. 9, 2015: Today, Schaeffler successfully established its flotation on the stock exchange under the motto "We share our success." Maria-Elisabeth Schaeffler-Thumann, shareholder and deputy Chairperson of the Supervisory Board of Schaeffler AG, Georg F. W. Schaeffler, shareholder and Chairman of the Supervisory Board of Schaeffler AG, and Klaus Rosenfeld, CEO of Schaeffler AG rang the stock exchange bell at the Frankfurt Stock Exchange. The first trade rate was set at 13.50 euros per share.
About Schaeffler: The Schaeffler Group is one of the world's leading integrated automotive and industrial suppliers. The company stands for the highest quality, outstanding technology, and strong innovative ability. The Schaeffler Group makes a decisive contribution to "mobility for tomorrow" with high-precision components and systems in engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The company generated sales of approximately 12.1 billion euros in 2014. With around 84,000 employees worldwide, Schaeffler is one of the world's largest technology companies in family ownership and, with approximately 170 locations in 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies.