Continental says nearing sale of ContiTech unit to Lone Star for $4.6 billion
Continental XETR:CON is in the final stages of agreeing a sale of its ContiTech division to U.S. investor Lone Star, it said on Friday, adding that its leadership had approved a deal valuing the unit at €4 billion ($4.6 billion).Continental, which said a binding agreement had not yet been reached…