Speculation surrounding the fate of Porsche and its tie-up with Volkswagen is weighing on the company’s chances of success in the loan market, as hopes that Porsche can raise the full Eu2.5bn it is seeking begin to dim. Meanwhile, another fraught German takeover story, involving Continental and Schaeffler, looks set for a new twist. Conti is now contemplating taking over debt-laden Schaeffler, the company which attempted the reverse last year.
Find out in EuroWeek on Friday what implications both situations have for the loan market, and what bankers make of the transactions.
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