The Schaeffler Group, a components supplier to the automotive and industrial segments, has entered into a comprehensive refinancing package with its lending banks, to sell up to 30 million shares in tyre manufacturer Continental AG. This move is aimed at reducing Schaeffler's financial debt. Accordingly, German lenders M.M.Warburg and Bankhaus Metzler Subscribe to Automotive World … Continued
The Schaeffler Group, a components supplier to the automotive and industrial segments, has entered into a comprehensive refinancing package with its lending banks, to sell up to 30 million shares in tyre manufacturer Continental AG. This move is aimed at reducing Schaeffler's financial debt.
Accordingly, German lenders M.M.Warburg and Bankhaus Metzler
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https://www.automotiveworld.com/articles/86477-germany-schaeffler-to-sell-shares-in-continental/
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