Continental aims for Vitesco spin-off in Sept. 2021

Reuters2021-04-29

German car parts maker Continental aims to spin off its powertrain unit Vitesco Technologies, with a subsequent initial public offering in September this year, the company said on Thursday.

Continental’s shareholders will receive one Vitesco share for every five Continental shares they own, it added.

The firm had been aiming to spin off Vitesco since 2019, but it had to halt its plans last year due to the coronavirus pandemic. (Reporting by Jan Schwartz Writing by Riham Alkousaa Editing by Caroline Copley)

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HENGJR
2021-04-29
HENGJR
nice
- HENGJR:
  interestjng
yien2719
2021-04-29
yien2719
amazing!
- Norico:
  Ok
ILikeTofu
2021-04-29
ILikeTofu
Great
newbeezz
2021-04-29
newbeezz
Like me if you dare
- 627ac981:
  Sure Comment pls

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