Schaeffler owner cannot bail out own company -paper


FRANKFURT, Jan 29 (Reuters) - The billionaire owner of German bearing maker Schaeffler rejected speculation she could use her own fortune to bail out the heavily indebted company rather than seek help from German taxpayers. "Our wealth is bound up in the company. We have always invested the profits to grow and develop the company," said Maria-Elisabeth Schaeffler in an interview with German tabloid Bild printed on Thursday. The 67-year-old widow of the company founder is ranked by Forbes ...

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