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
Some tips on choosing ceramic bearing
Do the skateboard bearings need ...
The Secret of Dental Bearing
The Encounter of Stainless Steel ...
The Deep Groove Ball Bearing
The improvements design of non-standard ...
The selection of universal wheel ...
How to Choose Bearing Lubricating ...
Full disclosure about bearing materials
Electroplating Bearings
Latest Topic
SSr168 ZZ & 2RS Stainless Steel Ball
RNAO17X25X13 Bearings
SS1313 Stainless Steel Self Aligning
PI202416 Inner Rings
SS51115 Stainless Steel Thrust Ball
SR144TLKZW
NKI75/25 Bearings
NUKRE72 Stud Type Track Rollers
R133zz Bearings
Hybrid and Full 16009 Ceramic Bearings
Category

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