Schaeffler in talks over Chinese funding-magazine


FRANKFURT, June 27 (Reuters) - German ball-bearing maker Schaeffler is in talks with Beijing over a stake sale, German magazine WirtschaftsWoche reported on Saturday. Schaeffler, laden with debt from the takeover of automotive parts supplier Continental AG , was in talks over the stake sale to strengthen its finances in the short term and had offered Beijing access to its know-how and distribution channels, the magazine said, citing industry sources in Beijing. "We have always said that ...

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