Continental set to spin off Automotive group sector by end of 2025 [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
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Source: Yahoo! Finance
The decision, made by the Continental executive board, follows a comprehensive evaluation that began in early August. The company plans to present the spin-off proposal to the supervisory board in March 2025, with a resolution to be made at the annual shareholders' meeting scheduled for April 2025. The preparations required for the spin-off are expected to be completed by the third quarter of that year. This strategic move is an important step for Continental, marking a new phase in the company's focus and operational structure. Continental executive board member and head of the automotive group sector Philipp von Hirschheydt said: “Our continuous performance improvements form the crucial foundation for making Automotive fit for the future and ready for the capital market. We are rigorously implementing all the measures necessary to achieve this.” The company also highlighted its efforts to strengthen the independence of its Tires and ContiTech group sectors, while simultan
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