Continental AG Approves Automotive Business Spin-Off

Continental AG has approved a planned spin-off of its Automotive business, which is expected to be completed in September 2025.

Financial Support for New Business

The company will provide the new independent business with €1.5 billion in cash and a €2.5 billion revolving credit line.

Rationale for Spin-Off

The move is a strategic decision to focus on the company’s core business.

Market Reaction

The spin-off has been welcomed by investors, who have seen the company’s stock price decline in recent years.

Stock Price Update

• The Continental AG stock price has fallen by 1.38 euros, or 1.99%, to 67.92 euros.