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Continental Supervisory Board Endorses Spin-off Strategy for Automotive Division, Set for Annual General Meeting Approval
2025-03-13 /
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Author：小编
On March 12th, the Supervisory Board of Continental AG unanimously approved the spin-off plan for its automotive division, and has endorsed its submission to the upcoming Annual General Meeting for final approval. The proposal will be presented at the AGM scheduled for April 25th. Post-spin-off, the automotive business segment will be endowed with €1.5 billion in cash and a credit line of €2.5 billion. Continental's automotive division is currently poised to commence trading on the Frankfurt Stock Exchange in September of this year.
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