ContiTech says deal with Veyance still on track

ContiTech Conveyor Belt Image

Hanover, Germany – Germany’s Continental has insisted that its deal for the acquisition of US rubber firm Veyance Technologies will be completed before the yearend.

In an interview with ERJ, a spokesman for the group’s ContiTech business denied a report by German magazine Bilanz suggesting that the company might not be able to complete the deal due to the US government’s misgivings.

Speaking to ERJ, the spokesman said that “negotiations with authorities are still on-going” and…

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