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Lone Star emerges as lead bidder for Continental’s ContiTech unit
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Lone Star emerges as lead bidder for Continental’s ContiTech unit
Buyout firm Lone Star Funds has moved into pole position to acquire ContiTech, the industrial components division of Continental AG, according to a report by Bloomberg citing unnamed people familiar with the matter, as the German group advances its multi-year restructuring plan. A transaction could be agreed as soon as later this month, provided negotiations progress as expected, although sources cautioned that discussions remain ongoing and no …
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