Continental split may begin this year – Manager Magazin

18th January 2018 | 0 Comments
 
Continental split may begin this year – Manager Magazin
Supervisory board chairman Wolfgang Reitzle (l), seen here with Elmar Degenhart, chairman of Continental’s Executive Board, believes we may see the first company arising from the company’s breakup listed on the stock exchange this year

We may see a breakup of Continental AG commencing before the end of this year. German business publication Manager Magazin writes that Wolfgang Reitzle, chairman of the tyre maker and automotive technology company’s Supervisory Board, foresees the first subsidiary to emerge from this breakup being listed on the stock exchange some time in 2018. He sees this as being the direction Continental will clearly take, even though to-date neither the Supervisory Board nor the Executive Board has decided upon a concrete course of action.

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