(AFX UK Focus) 2008-10-14 18:28 UPDATE 1-Selldown of Schaeffler's 16.1 bln eur loan on hold (Interactive Investor)

LONDON, Oct 14 (Reuters) - Syndication of the 16.1 billion euros ($21.92 billion) loan backing the bid by ball bearings maker Schaeffler for German car parts manufacturer Continental has been put on hold, senior bankers said on Tuesday.