On February 26, SKF, a renowned bearing manufacturer, revealed that its automotive business will operate under the new name 'SKF Vertevo' following its independence, representing a major milestone in SKF's strategy to divest its automotive segment. SKF intends to list SKF Vertevo on the Nasdaq Stockholm Stock Exchange during the fourth quarter of this year, contingent upon the proposal being put forth by the board of directors and receiving approval at the shareholders' meeting.
