Continental AG Strikes EUR4 Billion Deal to Sell ContiTech Unit to Lone Star Funds
() -- Continental AG (CON.F) agreed to sell its ContiTech unit to an affiliate of Lone Star Funds for 4 billion euros, according to a July 4 release. The investment company will also make up to 250 million euros in performance-based payments in subsequent years for the acquisition of the rubber and thermoplastic produc