Continental Aktiengesellschaft (XTRA:CON)?s Executive Board informed the Supervisory Board at a meeting on December 18, 2024, of its decision and concrete plan to spin off the Automotive group sector. Subject to the approval of the Supervisory Board in March 2025 and resolution by the Annual Shareholders’ Meeting of Continental AG on April 25, 2025, the current plan is to complete the spin-off of Automotive as a European company (Societas Europaea, SE) listed on the Frankfurt stock exchange by the end of 2025. The independent company will operate under a new brand, which is to be launched by the end of April 2025.
Philipp von Hirschheydt, Continental Executive Board member and head of the Automotive group sector: ‘Our entire team is highly motivated and focused on preparing for the spin-off. Short and mid-term targets for Automotive as an independent company will be disclosed at Automotive’s Capital Market Day.’ This is scheduled to…
