Continental Sells ContiTech Unit to Lone Star Funds for $4.6 Billion
Continental AG has agreed to sell its ContiTech division to Lone Star Funds in a deal valued at approximately $4.6 billion. The transaction, announced recently, involves one of the world’s leading suppliers of technical rubber products, conveyor belts, and anti-vibration technology. ContiTech, a significant entity within Continental’s broader portfolio, specializes in materials and technologies for […]
Continental Sells ContiTech Unit to Lone Star Funds for Approximately 4 Billion Euros
Continental has entered into an agreement to sell its plastics and rubber business, ContiTech, to Lone Star Funds for approximately 4 billion euros. The transaction may also include additional performance-related components, according to a company statement. Lone Star Funds, a global private equity firm, will acquire the division, which specializes in a range of rubber […]