Continental AG (XETR:CON) approved selling its ContiTech unit to Lone Star, a deal due to close by end-2026 pending approvals, with proceeds earmarked to cut debt and boost shareholder payouts; concurrently the company will build its first wind farm, starting construction in 2026 with a mid-double-digit million euro investment.
Previous Week Recap
- Continental Sells ContiTech Unit: Continental AG approved sale of ContiTech unit to Lone Star; deal pending regulatory clearance and closing by end‑2026. Expected proceeds will reduce debt and fund shareholder distributions.
- Continental Opens First Wind Farm: Continental AG plans its first wind farm; construction starts in 2026 with a mid-double-digit million euro investment.
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