...

Schaeffler Group Says It’s Seeking Outside Investor to Cut Debt

Business Materials 8 February 2009 19:48 (UTC +04:00)

Schaeffler Group, the auto-parts maker saddled with 11 billion euros ($14 billion) of debt from buying Continental AG, said it's seeking an investor, Bloomberg reported.

"The Schaeffler family is willing to sell" parts of its business to reduce debt, Schaeffler Group's Herzogenaurach-based owners Maria-Elisabeth Schaeffler and her son Georg Schaeffler said in an e-mailed statement today.

Latest

Latest