Germany’s Schaeffler to cut opco and holdco debt with IPO

Schaeffler 230x150
By Max Bower
21 Sep 2015

Schaeffler, the ball bearing maker is to conduct an IPO this year, aiming to raise several billion euros to repay debt.

Citigroup and Deutsche Bank will be global co-ordinators, with Bank of America Merrill Lynch and HSBC as bookrunners.

Schaeffler said on Monday it would aim to list 166m new and existing shares in Schaeffler AG, the operating company, in Frankfurt and Luxembourg, with the aim of achieving a free ...

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