Ball and chain

26 January 2009 By John Foley

The familyowned German firm borrowed E6bn to sneak control of carparts maker Conti last year. Now the value of both groups is plunging, and it s not clear how Schaeffler will meet its borrowings. It should have stuck to what it knew.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)