Date: 2013-08-01

Schaeffler Wins Time to Avoid Breakup, Gets 1 Billion-Euro Loan

April 8 (Bloomberg) -- Schaeffler Group, strapped by 11 billion euros ($14.6 billion) in debt from buying Continental AG, agreed with lenders on a 1 billion-euro loan, winning time to restructure and seek extra funds from the German government.

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