Lone Star nears deal to buy Continental's ContiTech unit for $4.6 billion, sources say
03/07/2026 14:36
Lone Star nears deal to buy Continental's ContiTech unit for $4.6 billion, sources say MUNICH/BERLIN, July 3 (Reuters) - U.S. investor Lone Star is nearing a deal to buy Continental's CONG.DE ContiTech plastics and rubber business for around €4 billion ($4.6 billion), two people familiar with the matter said.
Continental declined to comment on the news, which was first reported by newspaper Boersen-Zeitung.
Lone Star had no immediate comment.
($1 = 0.8737 euros)
(Reporting by Alexander Huebner and Christina Amann; Writing by Christoph Steitz; Editing by Friederike Heine)