Continental's banks against Schaeffler deal-source


FRANKFURT, May 27 (Reuters) - The banks of German tyre maker and auto parts group Continental AG oppose a deal that would see Continental taking over its peer Schaeffler, a source close to the matter told Reuters on Wednesday. Such a move would lead to a significant increase in debt and therefore higher risks for Continental's banks, the source said. Schaeffler said last week it was mulling a plan that could see it merge with Continental as the junior partner, in a reversal of last ...

Premium Content (PAID Subscription Required)

"Continental's banks against Schaeffler deal-source" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×