Newspaper: Schaeffler May Retain Under 20%

Schaeffler Group’s owners will end up with a fifth or less of the company in the event that creditor banks take control of the automotive supplier, according to Sueddeutsche Zeitung. The German newspaper added that the government doesn’t plan to grant aid to the company, without citing a source. Meanwhile competitor Bosch denied reports that it had been in talks to buy Schaeffler Group.