Continental Sells ContiTech Unit to Lone Star Funds for $4.6 Billion
Continental AG, a global automotive supplier, has agreed to sell its ContiTech division to Lone Star Funds in a deal valued at approximately $4.6 billion. The transaction, confirmed by company announcements and corroborated by independent financial reporting, signals a strategic shift for Continental as it aims to streamline its operations. ContiTech, a significant player in […]
Continental Agrees to Sell ContiTech Unit to Lone Star Funds for Approximately 4 Billion Euros
Continental has entered into a definitive agreement to sell its specialized plastics and rubber business, ContiTech, to the private equity firm Lone Star Funds. The transaction is valued at approximately 4 billion euros, with the potential for additional payments contingent on future performance metrics. The deal, announced by Continental, marks a significant strategic shift for […]