Continental to pursue listing of powertrain division [Reuters]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
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Source: Reuters
Continental to pursue listing of powertrain division - Reuters 1 Min Read FRANKFURT (Reuters) - German auto supplier Continental ( CONG.DE ) on Tuesday said it will seek to list its powertrain division Vitesco Technologies without the option of retaining a minority stake. “The Executive Board of Continental AG has decided to no longer pursue the preparation of a potential partial IPO of Vitesco Technologies,” the company said in a statement. Plans for a split off of Vitesco will be submitted to a shareholder vote on April 30, 2020, Continental said. Earlier this year Continental pushed back plans for an initial public offering of the unit. Continental shares were up 1.6% at 1130 GMT. Reporting by Edward Taylor; editing by Thomas Seythal All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Continental to pursue listing of powertrain division FRANKFURT (Reuters) - German auto supplier Continent
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