Conti to buy controlling stake in Matador Rubber

Hanover, Germany — Continental AG
is set to acquire a 51 percent stake in the tyre, rubber and machinery
business of Matador Group, Puchov, Slovakia, subject to the ap­proval
of antitrust authorities. "With this move we are strengthening
our ties to our highly successful joint venture partner. At the same
time we are expanding our operational base in Eastern Europe markets
as well as our production capacities for passenger and light truck tyres (PLT) in low-cost countries,"
said Continental’s executive board chairman Manfred Wennemer in…

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