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Continental Sells ContiTech for $4.6 Billion to Focus on Tires

German tire manufacturer Continental has agreed to sell its ContiTech division for $4.6 billion. This strategic move aims to transform Continental into a pure-play tiremaker.

4 Jul, 15:10 — 4 Jul, 15:10
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seeking-alphaMixed17h ago

Continental agrees to sell ContiTech for $4.6B to become a pure-play tiremaker

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Coverage Timeline

First report: der-standard · 4 Jul, 10:13Full coverage: 2 · 5hWindow: 5h
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der-standard4 Jul, 10:13First to report

Milliardendeal: Deutscher Reifenhersteller Continental verkauft ContiTech

5h later
seeking-alpha4 Jul, 15:10Latest update

Continental agrees to sell ContiTech for $4.6B to become a pure-play tiremaker

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