Conti acquires remaining share in British engineering firm

On 3 February, Germany’s Continental AG took over full ownership of its joint venture, Zytek Automotive. It previously had a 50 per cent shareholding in the Fradley Park (near Lichfield) company, and following the buy-out is operating it as a part of the Continental Engineering Services (CES) organisation in the United Kingdom. Neither Continental nor former joint venture partner Zytek have disclosed the price paid for the 50 per cent share in Zytek Automotive.

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Continental News – 4 Apr 2014 | Finance April 5, 2014
[…] 07:22 UTC Conti acquires remaining share in British engineering firm […]
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