|
EQS-Ad-hoc: Continental AG / Key word(s): Strategic Company Decision Hanover, August 5, 2024. After strategic review, Continental’s Executive Board has decided to evaluate in detail a spin-off with subsequent 100% public listing of the Automotive group sector on the Frankfurt stock exchange. The required steps for implementation will be prepared in parallel.
As a result of the spin-off, the Automotive group sector would no longer be part of the Continental Group. The Continental shareholders would be direct shareholders of the new Automotive Group. The Contract Manufacturing group sector would also be part of the transaction. The aim of a spin-off would be to fully exploit the value and growth potential of the two then separate groups. On the basis of the detailed evaluation, the Executive Board is expected to decide on the spin-off in the fourth quarter. Subject to the corresponding resolutions of the Executive Board and the Supervisory Board, the potential spin-off could be submitted for approval at the annual shareholder’s meeting of Continental AG on April 25, 2025. In case of approval, the aim is to finalize the spin-off by the end of 2025. Contact: Person making the notification: Max Westmeyer, Head of IR (interim) End of Inside Information
05-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Continental AG |
| Continental-Plaza 1 | |
| 30175 Hannover | |
| Germany | |
| Phone: | +49 (0)511 938-13650 |
| Fax: | +49 (0)511 938-1080 |
| E-mail: | ir@conti.de |
| Internet: | www.Continental.com |
| 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: | 1961139 |
| End of Announcement | EQS News Service |
|
|
1961139 05-Aug-2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
