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Report: Continental aims for split before year-end

Frankfurt, Germany – Continental aims to float part of its business on the stock exchange before the end of the year, German monthly Manager Magazin reported, without citing sources.

The supplier said this month it was in talks about a possible structural overhaul and pledged to flesh out its plans within six months.

Manager Magazin said the favoured option within Continental was to split the group into three parts.

These would be: ‘rubber’ with around €17.5 billion in annual sales; ‘powertrain’ with €7.7 billion in sales; and a…

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