This content is not available in your region

Schaeffler tiring of Continental?

Access to the comments Comments
By Euronews
Schaeffler tiring of Continental?

German automotive parts supplier Schaeffler has taken its debt restructuring a step further at the expense of its partner – Continental by selling part of its stake in the tyremaker.

Schaeffler had acquired 90 percent of Continental in 2008 in a hostile takeover bid, leaving it more than 10 billion euros in debt and is continuing to try to get out from under that.

For details, watch our Behind Markets report.