News: Continental AG (CONG.DE)

CONG.DE on Xetra

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Mon, Jul 6 2015

BRIEF-Continental AG announces early redemption of $950 mln bond

* Says will redeem USD bond of $950 million that has been issued in September 2012 with a coupon of 4.50%

BRIEF-Elektrobit EGM approves sale of Automotive Business to Continental AG

* Says Extraordinary General Meeting of Elektrobit Corporation approved the sale of the Automotive Business to Continental AG and resolved to change the name of the company to Bittium Corporation

BRIEF-Continental AG to expand tyre production in China's Hefei

* Says to expand tyre production in China's Hefei to 14 million a year from 5 million by 2019

UPDATE 1-Continental buys Elektrobit's automotive division

* Elektrobit partners with VW, GM and Ford (Adds comment from Continental, detail and background)

Continental buys Elektrobit's automotive division

BERLIN, May 19 - Germany's Continental AG has bought Elektrobit Oyj's automotive division for 600 million euros ($677.5 million) to broaden its product range as demand for electronic components and software in cars grows.

BRIEF-Elektrobit sells Automotive Business to Continental AG, updates outlook

* Elektrobit sells its Automotive Business to Continental AG for a purchase price of 600 million euros ($678.66 million)

Continental wants to be partner on possible Apple car: CEO

BERLIN - Germany's Continental AG would be interested in acting as partner for technology giant Apple should the U.S. company decide to build a car, Chief Executive Elmar Degenhart said.

Continental wants to be partner on possible Apple car -CEO

BERLIN, March 5 - Germany's Continental AG would be interested in acting as partner for technology giant Apple should the U.S. company decide to build a car, Chief Executive Elmar Degenhart said.

Deals of the day- Mergers and acquisitions

Jan 30 - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

Germany's Continental AG closes Veyance deal

FRANKFURT - German automotive supplier Continental AG said it concluded the acquisition of U.S. rubber company Veyance Technologies on Friday after receiving the conditional approval of Brazil's anti-trust regulator.

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