Looking For Bearings?
All Types Of High Quality Bearings. Extensive Inventory, Fast Shipping.Find Exactly What You Want Today!
bearings
Bearing Manufacturer  Products  Miniature Bearings  Skateboard Bearings  

Germany Considers More Transparency After Schaefflers Manipulation

By Bearing Manufacturer>Bearing News>Germany Considers More Transparency After Schaefflers Manipulation
©2004-2012

Germany is considering banning the undisclosed accumulation of shares in listed companies through options trading and boost transparency on its financial markets, the German Finance Ministry said on Monday.

The Financial Times Deutschland had cited unnamed politicians in Chancellor Angela Merkel's left-right coalition as saying investors would by early next year have to register transactions made via options and derivatives contracts.

It is the second time in just a few months that the rules have been questioned. In July, ballbearing maker Schaeffler amassed 36 percent of Continental AG (Xetra: 543900 - news) using credit derivatives that had been arranged discreetly by its banks.

The Bearing Industry Code of Conduct opposed Schaefflers motives and claimed their actions as illegal, citing a breach to the 'act' and against the interests of the Bearing Industry in general.

In the meantime, CONTINENTAL AG shares continue to slide 'southbound' with todays price at 29.00 euro whilst Schaeffler must pay the agreed 75.00, making a record loss of 25.5 Billion euros to Schaeffler family in 3 months.


F T 
Latest Articles
Small bearings turning the big world
Chinese bearing export 2.592 billion ...
The Function of Miniature Thrust ...
Good quality skateboard bearings
How to judge the quality of bearings
Bearing Industry in Need of ...
Bearing Industry Expands Its Production ...
100 Percent of the Qualified Ratio for ...
Miniature bearings around us
The Related Knowledge about Miniature ...
Latest Topic
HFL0615-KF Drawn cup roller clutches
KRE26-PP Stud Type Track Rollers
6021zz Bearings
635zz Bearings
F8-16M
Hybrid and Full 51410M Ceramic Thrust
WS89432 Shaft Locating Washers
Hybrid and Full 51309 Ceramic Thrust
2300 Self Aligning Full Ceramic Bearings
SS71802C Stainless Steel Angular
Category

Dental Bearings
Rc Bearings
Bicycle Ceramic Bearings
Miniature Thrust Bearings
Flanged Ball Bearings
Ceramic Bearings