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Continental to sell Gifhorn, Germany plant to Stiebel Eltron

Continental AG (Continental) signed a letter of intent with Stiebel Eltron to divest its Gifhorn plant in Germany to Stiebel Eltron. Both companies have also started negotiations on possible uses for the Gifhorn location. Recently, Continental announced the plan to phase out business activities at the Gifhorn plant b....

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