Reports: Schaeffler Could Now Get State Aid

According to Reuters, Conti shares grew 6.7 per cent on Friday (13 February 2009) after Renate Schmidt, member for the SPD in the German Bundestag, reportedly declared that state aid for Schaeffler may be possible under certain conditions. The news follows potential investor Abu Dhabi-owned IPIC denying it was interested. Pirelli also ruled itself out of any possible deal earlier in the week.