Confirms to place 66M shares at a price between €12-14/share
- Schaeffler Group sees €975M gross proceeds from IPO based on mid-point price range;
- Plans to place 75M non-voting shares with institutional investors;
- Shareholders reserve right to place an additional up to €24.4M shares from holdings of Schaeffler Verwaltungs GMBH;
- Schaeffler's shares expected to be traded on October 9th