Schaeffler pulls off Conti takeover
China Daily | Updated: 2008-08-26 07:52
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Continental tires sit stacked at a garage in Munich, Germany. Bloomberg News |
Her firm's tactics were slammed as "egotistical, autocratic and irresponsible" but that was never going to stop Maria-Elisabeth Schaeffler from becoming Germany's new auto parts queen.
Last week, the 67-year-old billionaire blonde finally won control of Continental in a deal creating one of the world's biggest components makers.
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