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 […]