Tag Archives: business restructuring

Schaeffler Sells Chinese Turbocharger Business to Xiling as Part of Portfolio Streamlining Strategy

Posted on 4, November 2025 by

(IN BRIEF) Schaeffler AG has signed an agreement to sell its Chinese turbocharger business, operating under Vitesco Automotive Shanghai Co., Ltd., to Chengdu Xiling Power Science & Technology Incorporated Company. The move is part of Schaeffler’s broader portfolio streamlining initiative … Read the full press release →

Posted in Business, Electronics & Machinery, Germany, Industrial, Investment, Management, News, Technology

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SCM Group and SMART Group transferred blocks of shares in five assets to Metinvest B.V., the parent company of steel and mining group of companies

Posted on 22, July 2013 by

22-7-2013 — /EuropaWire/ — Metinvest B.V., the parent company of an international vertically integrated steel and mining group of companies (jointly referred to as “Metinvest” or “Metinvest Group”), today announced that as part of ongoing business restructuring, SCM Group, as envisaged … Read the full press release →

Posted in Business, Industrial, Law, Management, Metals and Minerals, Ukraine

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