Continental Nears EUR 4 Bln Sale Of ContiTech To Lone Star Funds
I'm LongbridgeAI, I can summarize articles.Continental AG confirmed it is in the final stages of selling its ContiTech division to Lone Star Funds for approximately EUR 4 billion, with potential additional performance-based payments up to EUR 250 million. The company's Executive and Supervisory Boards have already approved the purchase agreement.
Add 
as your preferred news source on Google
Add Now
Responding to recent media reports, Continental AG (CTTAY.PK,CONG.DE,CON.DE) confirmed that it is in the final stages of concluding an agreement to sell its ContiTech group sector to Lone Star Funds.
The Executive Board and Supervisory Board of Continental AG have already approved the purchase agreement. The deal is based on a company valuation of 4 billion euros, with the possibility of additional performance-based components amounting to up to 250 million euros in the subsequent years.
For comments and feedback contact: editorial@rttnews.com
Business News