Schefenacker creditors, owner bids

Newswire

By Elena Moya LONDON, Nov 27 (Reuters) - Troubled German auto parts maker Schefenacker has received two cash offers from its present owner and from its creditors to acquire a majority stake in the company under its debt restructuring negotiations, a source familiar with the talks said on Monday. Holders of 200 million euros of bonds have offered 50 million euros in exchange for a majority stake in the company, while Alfred Schefenacker, currently 100 percent owner of the company, has ...

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