Commerzbank, DrK, HVB, LBBW, RBS & UBS back Schaeffler’s Continental bid

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Commerzbank, DrK, HVB, LBBW, RBS & UBS back Schaeffler’s Continental bid

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A jumbo syndicated loan of Eu20bn or more could soon hit Europe’s investment grade market after German ball bearing group Schaeffler this week launched a hostile bid for Continental, the automotive industry supplier.

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