Continental Sells ContiTech Unit to Lone Star Funds for $4.6 Billion
Continental AG, a global automotive technology company, has agreed to sell its ContiTech division to Lone Star Funds, a private equity firm. The transaction is valued at approximately $4.6 billion. The sale of ContiTech, which specializes in rubber and plastics technology for various industrial and automotive applications, marks a strategic shift for Continental as it […]