Continental to sell ContiTech unit to Lone Star Funds for $4.57 billion
04/07/2026 10:11
Continental to sell ContiTech unit to Lone Star Funds for $4.57 billion July 4 (Reuters) - Continental CONG.DE said on Saturday it had signed an agreement to sell its ContiTech plastics and rubber business to private equity firm Lone Star Funds for 4 billion euros ($4.57 billion), plus potential performance-based components of up to 250 million euros in subsequent years.
($1 = 0.8745 euros)
(Reporting by Mihika Sharma in Bengaluru; Editing by Sharon Singleton)