Schaeffler Raises its Direct Conti Stake to 8%
Schaeffler Group has reportedly increased its direct shareholding in Continental AG to 8 per cent, German daily newspaper Die Welt has reported. According to the paper, the company bought an extra 5 per cent (in addition to an existing per cent stake) for a price of between 63.20 euros and 69 euros per share, well below the 70.12 euros per share offer the company pitched to all Conti’s shareholders.