Continental has sold ContiTech to an affiliate of Lone Star Funds for €4.0 billion, in a transaction which also includes performance-based components of up to €250 million in subsequent years, marking the final step of the company’s realignment. With the sale, Continental has become a pure-play tyre manufacturer for the first time in its history.
Continental Divests ContiTech to Lone Star Funds in Landmark €4.0 Billion Deal
Continental expects a cash inflow of around €3.1 billion from the transaction, which is still subject to regulatory approval. Around €2.5 billion is planned...
Continental Divests ContiTech to Lone Star Funds in Landmark €4.0 Billion Deal
Continental expects a cash inflow of around €3.1 billion from the transaction, which is still subject to regulatory approval. Around €2.5 billion is planned...
