Schaeffler uses Conti shares sale to reduce loan facility
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Schaeffler uses Conti shares sale to reduce loan facility

The holding company of car parts maker Schaeffler has refinanced an outstanding credit facility and decreased the size from Eu7.4bn to Eu4.8bn, funded by the sale of Eu1.8bn of shares of Continental held by two banks on Schaeffler’s behalf and as part of a wider restructuring of the Schaeffler group’s debt.

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