The headquarters is located in Germany's Schaeffler Group Schaeffler Group's German parts maker --- Continental now consider the tire company listed. The sale of shares of the company to quell the anxiety of its creditor banks next year Continental reverse merger Schaeffler Group is required to gain the permission of its creditor banks.

According to German media early reported since run into financial crisis since 2008 due to the acquisition of Continental, the Schaeffler Group, has been seeking financial assistance, the German government refused to lend a helping hand. Continental reverse acquisition Schaeffler, the German government support.

German Schaeffler Group is one of the world's largest rolling bearing and automotive component manufacturers, which owns the world-famous INA, FAG and Luk three brands.

Currently has 75.1 percent of the shares of the German Continental AG, amounting to approximately 13 billion euros ($ 16.8 billion). Continental said to retain a majority stake in its tire company will be listed under the scheme.



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