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Sept 24 (Reuters) — CONTINENTAL AG: Continental Ag - Continental Sells Mycar Tyre & Auto To Tuhu Continental Ag - Transaction Is Based On An Enterprise Value Of 403 Million Australian Dollars (Approx. 250 Million Euros) Further company coverage: CONG.DE (Gdansk Newsroom) ((Gdansk.newsroom@thomsonreuters.com; +48 58 769
Continental agreed to sell Australia’s mycar Tyre & Auto to China’s automotive services platform Tuhu. Deal implies an enterprise value of AUD 403 million, about EUR 250 million. Transaction includes more than 1,600 employees, about 280 locations. Continental plans to keep selling tires in Australia via its own distrib