UPDATE 1-Schaeffler to unveil refinancing plan - sources

Newswire

* Schaeffler to unveil refinancing plan on Sunday - sources * Proceeds to go towards repaying debt - sources * Interest rates, maturities on loans to be improved (Adds background) FRANKFURT, March 27 (Reuters) - Family-owned ball-bearings maker Schaeffler will unveil a major refinancing plan on Sunday, through which it will sell some of its indirectly held shares in German automotive supplier Continental AG , four sources told Reuters. The proceeds from the sale of the Continental ...

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