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Continental sells ContiTEQ unit for 4 billion euros
German company Continental announced the sale of its "ContiTech" division, specializing in plastic and rubber products, for 4 billion euros. This move aims to simplify its investment structure and focus its efforts on the tire sector, following the impact of the current crisis on the European automotive industry. The deal is expected to be completed by the end of 2026, with the potential to increase its value by approximately 250 million euros depending on future financial performance.
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