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 […]
Continental Sells ContiTech Unit to Lone Star Funds for €4 Billion
Continental AG, a global automotive supplier, has entered into an agreement to sell its specialized business unit, 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 the future performance of the business. ContiTech, which focuses on plastics and […]