UPDATE 2-Schaeffler unveils major refinancing scheme


* Schaeffler says lenders to sell up to 30 mln Conti shares * Proceeds to go towards repaying debt * Interest rates, maturities on loans to be improved (Recasts with Schaeffler confirmation, adds details) By Alexander Huebner and Philipp Halstrick FRANKFURT, March 27 (Reuters) - Schaeffler unveiled a major refinancing plan through which it aims to chip away at its debt pile, by selling some of its shares in Continental AG currently parked at banks. The banks M.M.Warburg and Metzler ...

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