COLUMN-Debt albatross tails Conti Schaeffler: Alexander Smith

Newswire

-- Alexander Smith is a Reuters columnist. The opinions expressed are his own -- By Alexander Smith LONDON, July 31 (Reuters) - The war between Continental and Schaeffler rumbles on. Karl-Thomas Neumann has got board assent for the capital increase he wants to pay down Continental's heavy debts, a hard-fought for move that is likely to dilute the company's largest shareholder Schaeffler. But it is only a partial victory for the chief executive of the German auto parts group -- and one ...

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