"After a series of comprehensive meetings with investors over the past days, the company plans to announce the price range, the timetable and further information on the transaction on Monday," Schaeffler said in a short statement on Friday, providing no further details.

Order books for Schaeffler shares had been due to close on Friday, with the first day of trading scheduled for Monday.

But three people familiar with the deal told Reuters on Thursday Schaeffler would push back its flotation and could scale down the IPO as investors fret about Volkswagen's (>> Volkswagen AG) emissions scandal and markets remain volatile.

(Reporting by Maria Sheahan; Editing by Shri Navaratnam)