Contitech ready to integrate Phoenix

Hannover, Germany–Following the official release of a profit-and-loss agreement between ContiTech AG and Phoenix AG, Contitech can now begin integrating the Phoenix operations with its own. According to a statement from Conti, “The control and profit and loss transfer agreement between ContiTech AG as controlling enterprise and Phoenix AG as dependent enterprise was entered into the commercial register as of March 9, 2005. The agreement, approved at an extraordinary meeting of Phoenix AG shareholders on December 28, 2004, can thus go into effect.

Continental Executive Board…

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