Deals
Schaeffler CEO Ready for Continental Merger in 2011
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Schaeffler Group, Continental AG’s debt-laden majority shareholder, may begin a merger of the two companies at the end of next year that will keep all units intact, Chief Executive Officer Juergen Geissinger said.
“We’ll be ready for it in late 2011,” Geissinger told reporters in Munich last night. “At this time there are no considerations that any of our divisions would not be part” of a joint company, he added.