| 4:06 AM EST

Schaeffler Might Go Public Next Year

#Continental #Schaeffler #europe


Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Germany's Schaeffler AG is exploring the possibility of holding an initial public offering next year, Bloomberg News reports.

The news service cites unidentified sources who say the family-owned maker of precision bearings also is considering bringing in a large investor.

Analysts note that either option would generate capital the company could used to reduce the debt it took on to acquire Continental AG in 2008. Schaeffler, which now owns 49.9% of Conti, still had €6.8 billion in debt at the end of 2012. The company said earlier this week it plans to raise about €1 billion in a bond sale to help shrink that amount.


  • 2019 Lexus ES 350 Introduced

    The Lexus ES sedan is more than just an offering within the company’s lineup.

  • Can You Glue A Car Together?

    I'm not talking about a plastic Revell model of a '57 Chevy, but a real vehicle, one that rolls off an assembly line in 1999 with another 99,999 just like it right behind. Is it possible, or is this just a fantasy of the marketing department at Elmer's?

  • 8 Rules for Getting Things Done Through People

    Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.