Schaeffler Group transformed into a joint-stock company
A member of the Schaeffler Group Supervisory Board announced that Schaeffler has changed from a limited liability company (Schaeffler GmbH) to a joint stock company (Schaeffler AG) and completed registration on October 13, 2011. The Schaeffler Group's entire business, all subsidiaries and real estate will be attributed to the transformed Schaeffler joint-stock company, which shows that the Schaeffler Group has successfully completed the transformation of the company's nature, but the Schaeffler Group stated that at present there is no Listing plan. As early as September of this year, Schaeffler Group, a German family-owned company, has revealed plans to change the nature of the company. Maria Schaeffler, Vice President of Schaeffler Group, once said: "In order to have a broader strategic choice in the future, for the benefit of the entire company and all employees, we decided to set up a joint-stock company. The new company will be established in October this year."
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