Schaeffler not interested in Conti auto division, CEO tells paper

Schaeffler AG

06/08/2024 13:42

BERLIN, Aug 6 (Reuters) - German machine and car parts
maker Schaeffler  SHA_p.DE  is not interested in a takeover of
Continental's automotive division, CEO Klaus Rosenfeld told the
Handelsblatt newspaper on Tuesday, adding that the company had
"completely other priorities".
    Continental said on Monday it was exploring a spin-off of
its automotive division, which has been struggling for several
years with low profitability.

 (Writing by Rachel More
Editing by Madeline Chambers)
 ((rachel.more@thomsonreuters.com;))