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

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
stainless steel needle bearings
6mm ball bearings
mounted bearings
Ball Bearings Miniature
Zirconia Bearings
precision bearings
Yoke Type Track Rollers
pressed bearings
slot bearings
stainless steel thrust bearing
Latest Topic
R0zz Bearings
NKIS50 Bearings
TWD1423 Axial Bearings Washers
6003 2rs Bearings
NKI80/35 Bearings
GS89313 Housing Locating Washers
R6 2RS Bearings
60/630z Bearings
LR35X40X20,5 Inner Rings
K14X18X15-TV Needle Roller And Cage
Category

Miniature Bearings
Deep Groove Ball Bearings
Flanged Ball Bearings
Miniature Thrust Bearings
Needle Roller Bearings
Stainless Steel Bearings
Ceramic Bearings
Skateboard Bearings
Dental Bearings
Custom Bearings


Latest Bearings


$index_product_mb$