DGAP-Adhoc: Continental AG: Continental AG Investigating Spin-off of Powertrain Division with Listing

2019. szeptember 02., hétfő, 14:45





DGAP-Ad-hoc: Continental AG / Key word(s): Statement


Continental AG: Continental AG Investigating Spin-off of Powertrain Division with Listing


02-Sep-2019 / 14:45 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




The Executive Board of Continental AG has decided to consider a spin-off of up to 100% of the Powertrain division with subsequent listing as an additional alternative to the potential partial IPO currently in preparation and to investigate its legal and technical feasibility. A decision regarding the actual implementation of a spin-off with subsequent listing will be taken by the Executive Board and the Supervisory Board after the conclusion of the investigation.






Contact:

Person making the notification: Bernard Wang, Head of IR








02-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Continental AG

Vahrenwalder Straße 9

30165 Hannover

Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.continental-corporation.com/de
ISIN: DE0005439004
WKN: 543900
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX
EQS News ID: 867077





 
End of Announcement DGAP News Service




867077  02-Sep-2019 CET/CEST







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