12:15 - 6.07.2026

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July 6, Fineko/abc.az. German tyre and automotive component manufacturer Continental AG has reached an agreement on sale of its industrial division ContiTech to investment company Lone Star Funds for €4 bn.

The terms of the deal also include additional payments of up to €250 million, depending on the division's financial performance in the following years. This sale marks Continental's complete exit from the industrial sector.

Details of the deal and objectives:

• Net income: After the transaction is completed, the company is expected to receive approx. €3.1 bn in cash. The transaction is to be closed by the end of 2026.

• Distribution of funds: The received funds will primarily be used to reduce financial liabilities. The remaining approx. €2.5 bn is to be distributed to shareholders in the form of special dividends or through the reverse purchase of shares.