Tire maker Continental plans IPO of automotive unit by end 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
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Source: Reuters
Continental's Stock Listing Plans: Continental plans to list its automotive unit on the Frankfurt stock exchange by the end of 2025 and will make its Original Equipment Solutions business independent, starting the sales process in Q1 2025.
Strategic Business Moves: The company aims to spin off parts of its business due to challenges faced by European carmakers, including high costs and competition from China, while also emphasizing that focused companies can be more agile during transformations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
