Debt albatross tails Conti Schaeffler

[Joelle]

Debt albatross tails Conti Schaeffler
      

    The war between Continental and Schaeffler rumbles on. Karl-Thomas Neumann has got board assent for the capital increase he wants to pay down Continental's heavy debts, a hard-fought for move that is likely to dilute the company's largest shareholder Schaeffler.
    But it is only a partial victory for the chief executive of the German [...]
         

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