Report: Continental hires JP Morgan for possible structural overhaul

Frankfurt, Germany – Continental AG has hired JP Morgan to advise on a possible reorganisation that could see a breakup of the company’s business units as it repositions for a market focused on electric and self-driving vehicles, sources told Reuters.

The US investment bank has been mandated by the component and tire maker to work on strategic options, including a separation of its current businesses, three people familiar with the discussions said.

Continental and JP Morgan both declined to comment on the bank’s role.

“We are drawing on…

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