Allen & Overy advises Schaeffler on Continental AG shares placement
Allen & Overy has advised global automotive and industrial supplier Schaeffler on the successful placement of around 3.9 per cent of the shares in Continental AG, raising funds of around €950m. This step, together with a voluntary €325m principal payment, enabled the Schaeffler Group to reduce its debt by approximately €1.275bn to €9.0bn. A total […]