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Continental AG To Pursue Spin-off Of Vitesco Technologies - Quick Facts

Continental AG (CTTAY.PK) said it will pursue a spin-off of 100% of Vitesco Technologies (currently the Powertrain division) with subsequent listing. The planned spin-off shall be submitted to the AGM on April 30, 2020, for approval.

The company said its Executive Board has decided to no longer pursue the preparation of a potential partial IPO of Vitesco.

On September 2, Continental AG said it will consider a spin-off of the Powertrain division with subsequent listing as an additional alternative to the potential partial IPO.

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