Acquisition | VITESCO TECHNOLOGIES | 1st October 2024
Following the result of the tender result of 2023 that increased SCHAEFFLER AG shareholding in VITESCO TECHNOLOGIES to approximately 38.87 percent. IHO, the strategic management holding of the SCHAEFFLER AG, continues to hold approximately 49.94 percent of the shares in VITESCO TECHNOLOGIES. Together with the IHO Holding, SCHAEFFLER AG now holds approximately 88.81 percent of the share capital and voting rights in VITESCO TECHNOLOGIES. On March 13, 2024 SCHAEFFLER AG made a stock offer for VITESCO TECHNOLOGIES of 11.4 shares per VITESCO TECHNOLOGIES share held. VITESCO TECHNOLOGIES shareholders approved the Acquisition on April 24, 2024. SCHAEFFLER AG shareholders approved the Acquisition on April 25, 2024. Merger is expected to be completed on October 1, 2024. Upon the effectiveness of the merger, VITESCO TECHNOLOGIES will cease to exist as an independent legal entity and all listings of VITESCO TECHNOLOGIES are expected to be discontinued. As the completion of the merger has been announced Solactive AG will remove VITESCO TECHNOLOGIES from the indices on October 1, 2024.
The treatment below will be applied to the following indices:
- VITESCO TECHNOLOGIES will be removed from the Index.
- The weight of VITESCO TECHNOLOGIES (VTSCn.DE) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 01/10/2024
F.A.Z. Index
Solactive Dynamic Upside Eurozone ESG TR Index
Solactive Dynamic Upside Eurozone ESG NTR Index
Solactive Dynamic Upside Eurozone ESG PR Index
Solactive Global Renewables Hedge Index
Solactive ISS ESG Screened Paris Aligned Developed Markets Small Cap Index NTR
Solactive ISS ESG Screened Paris Aligned Developed Markets Small Cap Index PR
Solactive ISS ESG Screened Paris Aligned Developed Markets Small Cap Index TR
- VITESCO TECHNOLOGIES will be removed from the Index.
- The shares of SCHAEFFLER AG (SHA_p.DE) will be increased according to the stock terms of the transaction.
- Effective Date (open): 01/10/2024
RAFI Dynamic Multi-Factor Developed ex-U.S. Index NTR
RAFI Dynamic Multi-Factor Developed ex-U.S. Index PR
RAFI Dynamic Multi-Factor Developed ex-U.S. Index TR
RAFI Dynamic Multi-Factor Developed ex US Europe and Israel NTR Index
RAFI Dynamic Multi-Factor Developed ex US Europe and Israel PR Index
RAFI Dynamic Multi-Factor Developed ex US Europe and Israel GTR Index
RAFI Fundamental Global All Company Index NTR
RAFI Fundamental Global All Company Index PR
RAFI Fundamental Global All Company Index GTR
Solactive GBS Germany Large & Mid Cap Equal Weight Index NTR
Solactive GBS Germany Large & Mid Cap Equal Weight Index PR
Solactive GBS Germany Large & Mid Cap Equal Weight Index TR
Solactive Gerd Kommer Multifactor Equity Index NTR
Solactive Gerd Kommer Multifactor Equity Index PR
Solactive Gerd Kommer Multifactor Equity Index TR