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Continental has billions for automotive sector acquisitions

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In an interview published by German financial daily Börsen-Zeitung on Saturday, chief financial officer of Continental AG, Wolfgang Schäfer, stated that the company has set at least 3 billion euros aside for expanding within automotive markets through acquisitions.

The CFO indicated that Continental is particularly interested in acquisitions in Asia. While he told Börsen-Zeitung not to expect any announcement in the next few months, he commented that major acquisitions may occur in the coming year.

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