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Continental sells ContiTech to Lone Star Funds, becomes pure-play tire manufacturer
On July 4, Continental announced the sale of its ContiTech group sector to an affiliate of Lone Star Funds for EUR 4.0 billion. The sale of its industrial business is the final step in Continental’s realignment. Lone Star is a leading investment firm with its principal office in London, UK. Lone Star Funds will take ....
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