Schaeffler: Conti Share Sale ‘Cannot be Ruled Out’

5th November 2008 | 0 Comments

Maria-Elisabeth Schaeffler, the joint owner of the ball bearing manufacturer in control of 90 per cent of Continental AG, may sell some of the company’s Conti shares. Schaeffler told journalists at an automotive business conference in Berlin that the financial crisis was hindering her company’s plans to take over Continental AG. “It cannot be ruled out that a long-term orientated investor could take a larger stake in Continental,” the Financial Times quoted Schaeffler as saying.

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Category: Product News

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