France: The Schneider Affair

France relishes an affaire, be it of politics, passion or business. Last week both the Left Bank and the right banks puzzled over L'Affaire Schneider, which involves a battle for the control of an old and powerful iron and steel empire. Leading roles in the drama have been played by a former film beauty, a duchess and a Belgian nobleman.

The prize is Schneider & Cie., whose sales of $512 million last year came from its dominance of 40 companies with interests in mining, manufacturing, banking and real estate throughout Europe, Latin America, Canada and Australia. The leading figure in...

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