Continental is considering splitting into four separate businesses to boost its market capitalization, but must convince majority shareholder Schaeffler of the plan, Automotive News Europe reported, quoting Manager Magazin.
The four business areas – tires, autonomous driving, automotive and ContiTech – would either be sold or put on the market, the magazine reported on Thursday, citing company sources.
The move could boost Continental’s value from its current level of around 17.5 billion euros ($19.92 billion) to 40 to 45 billion euros, an anonymous source told Manager Magazin.
Continental declined to comment on the article and said it did not currently have plans to alter the company’s structure.
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