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 […]