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September 1, 2008

The story of the summer has been family-owned Schaeffler’s takeover bid of Continental. Neil Sen has a look at what happened and what it means for the company

The story of the summer has been family-owned Schaeffler's takeover bid of Continental. Neil Sen has a look at what happened and what it means for the company

"You can't get along in this world by being nice to everyone," Maria-Elisabeth Schaeffler, the head of the private, family-owned German engineering group Schaeffler, said in 2001 after her company's successful hostile bid for the much larger, listed company FAG Kugelfischer.

July 16, 2008

Car part manufacturer Continental has rejected family firm Schaeffler’s unexpected €12.2 billion bid, saying the offer is too low and the tyres-to-brakes company would gain nothing from a merger.

Car part manufacturer Continental has rejected family firm Schaeffler's unexpected €11.2 billion bid, saying the offer is too low and the tyres-to-brakes company would gain nothing from a merger.

Weekend reports of a potential offer were confirmed on Tuesday when Schaeffler revealed it had clandestinely stockpiled more than a third of Continental's shares via options organised quietly through banks.

April 29, 2008

Haniel – the family-owned diversified German group – has announced a new strategy that is to focus on trading and services.

Haniel – the family-owned diversified German group – has announced a new strategy that is to focus on trading and services. The group is currently active across a wide range of industries from Europe's leading drugs wholesaler to the recycling of raw materials for the steel industry. However, the group's production sector looks set to be jettisoned.

March 1, 2008

In February, the world watched as one of the biggest offshore financial centres was investigated for fraud. Simon Hildrey analyses how this investigation came to happen and what the future holds for wealthy families who want to keep their assets secret and safe

In February, the world watched as one of the biggest offshore financial centres was investigated for fraud. Simon Hildrey analyses how this investigation came to happen and what the future holds for wealthy families who want to keep their assets secret and safe

February 22, 2008

Wealthy families and other ultra high net worth individuals who have invested money into Liechtenstein’s LGT bank may find their assets closely scrutinised as the bank is investigated for fraud by the German government.

Wealthy families and other ultra high net worth individuals who have invested money into Liechtenstein's LGT bank may find their assets closely scrutinised as the bank is investigated for fraud by the German government.

January 25, 2008

The Otto family has regained all the shares of its mail-order company, the Otto Group.

The Otto family has regained all the shares of its mail-order company, the Otto Group. The family’s investment vehicle has taken over newspaper publisher E Brost & J Funke from the other shareholders, and therefore the remaining 25% in Otto.

Thomas Voigt, spokesperson of Dr Michael Otto (pictured), who is chairman of the supervisory board, said: “Running the Otto Group as a family business enables us to follow a long term strategy to the advantage of the group, without the need to constantly deliver short term results as is the case with quoted companies.”

November 1, 2007

The FBN’s 18th annual summit convened in Berlin to give family business owners around the world a chance to get together and exchange views and ideas. Marc Smith was in Berlin for the summit and reports on what occurred

Marc Smith is acting editor of Families in Business.

The FBN's 18th annual summit convened in Berlin to give family business owners around the world a chance to get together and exchange views and ideas. Marc Smith was in Berlin for the summit and reports on what occurred

July 1, 2005

The management of non-active shareholders needs careful consideration. Training, ­dividends and compensation policies are issues that frequently arise. Peter May and Matthias Redlefsen highlight the easiest way to avoid conflict and satisfy everyone

Peter May is founding partner of the INTES Academy for Family Businesses and head of the German chapter of the FBN.
Matthias Redlefsen is partner of the INTES Academy for Family Businesses. www.intes-online.de

The management of non-active shareholders needs careful consideration. Training, ­dividends and compensation policies are issues that frequently arise. Peter May and Matthias Redlefsen highlight the easiest way to avoid conflict and satisfy everyone

May 1, 2005

Friedrich Graepel has steadily cornered the market in components for buses, trucks and industry. The secret of its success, argues Frederick Metz Shepperd, is a prudent approach to expansion, a loyalty to its roots and a willingness to seek outside advice

Frederick Metz Shepperd is managing director of the Quadral Group, a consulting firm with offices in Europe and North America. www.quadralgroup.com

Friedrich Graepel has steadily cornered the market in components for buses, trucks and industry. The secret of its success, argues Frederick Metz Shepperd, is a prudent approach to expansion, a loyalty to its roots and a willingness to seek outside advice

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