DGAP-Ad-hoc: Continental AG / Key word(s): Letter of Intent
The Executive Board of Continental AG has decided to no longer pursue the preparation of a potential partial IPO of Vitesco Technologies (currently the Powertrain division). Instead the Company will exclusively pursue the spin-off of 100% of Vitesco Technologies with subsequent listing.
Subject to the approval by the Supervisory Board of Continental AG, the planned spin-off shall be submitted to the Annual General Meeting on April 30, 2020, for its approval.
Person making the notification: Bernard Wang, Head of IR
22-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Vahrenwalder Straße 9|
|Phone:||+49 (0)511 938-1068|
|Fax:||+49 (0)511 938-1080|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX|
|EQS News ID:||894143|
|End of Announcement||DGAP News Service|
894143 22-Oct-2019 CET/CEST