Continental Sells ContiTech Unit for $4.6 Billion; Charleston Watches Broader Economic Trends
Continental, a major international automotive supplier, has reached an agreement to sell its ContiTech unit to the private equity firm Lone Star Funds. The transaction is valued at approximately $4.6 billion, according to company announcements and independent financial reporting. The sale involves ContiTech, a division specializing in rubber and plastics technologies, which serves various industries […]