Merkel-Schaeffler help not matter for state for now

Newswire

BERLIN, Jan 31 (Reuters) - German Chancellor Angela Merkel said on Saturday it was not the federal state's role to help ball-bearings maker Schaeffler for now. Schaeffler is grappling with billions of euros in debt amassed for its acquisition of a 49.9-percent voting stake in tyre maker Continental . A person familiar with the matter told Reuters this week that Schaeffler had sounded out the possibility of a capital injection of up to 4 billion euros from the German government. "We ...

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