SKF Shareholders to Vote on Automotive Business Spin-off

The proposed separation would distribute all shares of the wholly owned subsidiary SKF Vertevo to existing SKF investors. Under the plan, shareholders would receive one share in the new entity for every five shares held in the parent company. The board values the distribution at approximately SEK 11 billion, utilizing a tax-efficient structure that allows for the transfer without triggering immediate dividend taxation for Swedish residents.

If the proposal secures approval from a majority of the votes cast, the company expects to set a record date for the distribution on November 27, 2026, with trading of the new shares slated to begin on December 1, 2026. The meeting will take place at the Elite Park Avenue Hotel, where participants must finalize their registration or postal votes by September 25. The company has also nominated attorney Patrik Marcelius to chair the proceedings.