Continental moves forward with powertrain unit spinoff

CEO Continental PA 230x150
By Aidan Gregory
15 Jan 2019

Continental AG, the German engineering conglomerate, is pushing ahead with its spinoff of its powertrain division despite volatility in global equity markets.

The separation of the division into an independent group of legal entities was completed at the start of this year on schedule. Continental plans to rename the division and float it on an exchange by the middle of the year, the company said in a statement on Monday.

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