EL7.AI
StocksMedium•10 November 2026•
4 min read

SKF Vertevo Publishes Listing Prospectus, Sets Nov. 27 Record Date for Share Distribution

Key Facts

1Finansinspektionen approved SKF Vertevo’s listing prospectus on Nov. 10, 2026, and it was published on the websites of both companies.
2SKF’s board set Nov. 27, 2026, as the record date for the distribution, with trading in the shares expected to begin on Dec. 1, 2026.
3Holders of every 5 shares of the same class in SKF will receive 1 share of the same class in SKF Vertevo.
4Nov. 25 is the last day to trade SKF shares with the distribution right; trading without the right begins on Nov. 26, 2026.
5SKF Vertevo targets an adjusted operating margin of more than 6% in the medium term and 8% or more in the long term.

On Nov. 10, 2026, SKF Vertevo said Sweden’s Financial Supervisory Authority had approved the prospectus for listing its shares on Nasdaq Stockholm and that it had been published on the websites of SKF and SKF Vertevo. SKF’s board set Nov. 27 as the record date for distributing shares in the subsidiary to the parent company’s shareholders. Trading in SKF Vertevo shares is expected to begin on Dec. 1, subject to customary listing conditions. Approval of the prospectus marks an execution step in the separation of the automotive business, which SKF began to establish as an independent company. The company said the prospectus contains details of the distribution and listing, as well as financial information about the new company.

SKF shareholders approved the distribution at an extraordinary general meeting held on Oct. 1, 2026. The decision covers the distribution of all SKF Vertevo shares, which are wholly owned by SKF, to the parent company’s shareholders. Holders of every 5 Class A shares in SKF will be entitled to 1 Class A share in SKF Vertevo, and the same ratio applies to Class B shares. The new shares will therefore be distributed according to the class of shares held by each shareholder, rather than by converting both classes into a single class. SKF said in an earlier announcement that shareholder approval was an important milestone ahead of the planned listing on Dec. 1.

Nov. 25 will be the last day to trade SKF shares with the right to receive SKF Vertevo shares, while trading in SKF shares without that right will begin on Nov. 26. The record date is Nov. 27, one day after the parent company’s shares begin trading without the distribution right. SKF Vertevo shares are scheduled to trade under the symbols SKFVER A and SKFVER B. The Class A share has international security identification number SE0030336236, while the Class B share has number SE0030336244. These dates distinguish the last session carrying the distribution entitlement, the date for recording eligible shareholders and the expected start of trading in the new shares.

If a shareholder’s number of SKF shares is not divisible by 5, the resulting fractional entitlement will be pooled with fractions belonging to other shareholders to form whole shares in SKF Vertevo. The whole shares formed from these fractions will be sold on Nasdaq Stockholm through SEB. The proceeds will then be distributed to the relevant shareholders through Euroclear in proportion to each person’s entitlement. SKF said the cash distribution resulting from fractions will be made without commissions. This mechanism addresses cases in which the distribution ratio does not entitle a shareholder to a whole number of shares in the new company.

SKF Vertevo has set a target for an adjusted operating margin of more than 6% in the medium term, rising to 8% or more in the long term. It also targets organic growth above the market over the business cycle. The company says its target for net debt to adjusted earnings before interest, taxes, depreciation and amortization is below 1.0 times. It expects net debt at listing to be close to zero, after accounting for certain post-listing transactions. These targets give investors the company’s stated indicators for profitability, growth and leverage after its separation.

The listing prospectus includes historical financial information for the 2024 and 2025 financial years, as well as figures for the periods from January to September in 2025 and 2026. SKF announced on Sept. 17, 2024, that it had begun separating its automotive business in preparation for its listing as an independent company. The operational separation has been completed, and the business has operated as an independent company within the SKF Group during the preparation period for the listing. SKF Chairman Hans Stråberg said creating two independent, focused companies would unlock the full potential of both SKF and SKF Vertevo. SKF also expected the share distribution to meet the requirements of the “Lex Asea” rules, meaning no immediate tax would be imposed on individuals and companies that are tax-resident in Sweden.

SKF Vertevo plans to hold a capital markets day in Stockholm on Nov. 17, 2026, ahead of the expected start of trading. The event is scheduled to include a company presentation and will be streamed live online. It comes after the general meeting approved the distribution and before the record date set for Nov. 27. The event will give the company an opportunity to present details of its plans and stated targets to investors ahead of its share listing. The start of trading on Dec. 1 remains subject to customary listing conditions.