Schaeffler gets debt reprieve as Conti tie-up moves closer
The tangled takeover saga involving Germany’s Schaeffler and Continental moved one step closer to resolution this week when the bearings group secured the mid-term extension of Eu12bn of its loans. Attention is now shifting to Continental, saddled with Eu13.5bn of debt facilities, and which has a Eu3.5bn chunk of those maturing next August. Read EuroWeek on Friday for the latest twists in the Schaeffler/Conti story.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts