Continental Group sells ContiTech for 4 billion euros, announcing its exit from the industrial sector

Glonghui, July 6 — German auto parts and tire manufacturer Continental Group announced that it has agreed to sell its ContiTech division to private equity firm Lone Star Funds for €4 billion, with an additional performance-based payment of up to €25 million. This sale marks Continental Group’s official exit from the industrial business sector. The company stated it expects to receive about €3.1 billion in cash proceeds upon completion of the transaction, with the final amount to be determined by standard purchase price adjustments and the timing of the deal. The transaction is still subject to approval by antitrust regulators and is expected to be completed as early as the end of 2026.