Auto parts supplier: Continental is examining spin-off of the drive division and subsequent stock market placement

Continental

The Group is considering eliminating Powertrain.

(Photo: imago images / localpic)

Düsseldorf The supplier Continental considering because of the uncertain economy Instead of a partial listing of its powertrain drive division, its complete spin-off with subsequent stock exchange listing. This review is in parallel with the ongoing preparations for a possible placement of the recently renamed “Vitesco Technologies” division, announced the Dax Group from Hanover on Monday,

Conti In doing so, he expanded his room for maneuver in view of the further acceleration of the swing in electromobility and the barely foreseeable conditions for an IPO in the coming year.

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