FRANKFURT (dpa-AFX) - The ordinary shares of the automotive supplier Schaeffler, newly listed on the SDax, rose significantly on their first day of trading. By Wednesday afternoon, the shares had risen by 4.5 percent to 4.84 euros, thus reaching the level of early August. The small caps index fell slightly.

In view of the completion of the takeover of Vitesco by Schaeffler, trading in the preference shares of Schaeffler AG, which were previously listed in the SDax, was discontinued. The transaction created one of the ten largest supplier companies in the world and the number four in Germany - behind Bosch, ZF and Schaeffler's sister company Continental. Schaeffler is a major shareholder of Conti./la/he