Continental said on Saturday it had signed an agreement to sell its ContiTech plastics and rubber business to private equity firm Lone Star Funds for €4 billion ($4.57 billion), plus potential performance-based components of up to €250 million in subsequent years.
The German car parts supplier said it expects cash proceeds of about €3.1 billion from the sale, subject to customary adjustments.
Sign up here.
Continental added that the planned divestment will allow the company to focus on its core tires busin… [879 chars]
Source: Reuters | Published: 2026-07-04T09:38:17Z
Credit: Reuters
