Schaeffler eyes Continental sup board seats-sources

Newswire

HANOVER, Germany, Aug 21 (Reuters) - German family-owned bearings maker Schaeffler is aiming to obtain four seats on the supervisory board of Continental , sources familiar with the situation told Reuters on Thursday. It was not clear whether Schaeffler would also claim the chairman's role on the supervisory board, the sources said, adding that Continental's supervisory board was expected to convene this weekend. The companies earlier agreed that Schaeffler can buy up to 49.99 percent of ...

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