FRANKFURT, June 28 (Reuters) - German ball-bearing maker Schaeffler stepped closer to a merger with Continental , hiving off its healthy operating business into a separate company together with its 75 percent stake in the auto parts supplier.
FRANKFURT, June 28 (Reuters) - German ball-bearing maker Schaeffler stepped closer to a merger with Continental , hiving off its healthy operating business into a separate company together with its 75 percent stake in the auto parts supplier.