Germany: Continental to raise €1.1bn

Continental has announced that its supervisory board has approved the issue of 31 million new shares at €35 (US$50.3) each, a move that will yield gross proceeds of €1.085bn. The price represents a discount of 14% to the 6 January closing share price of €40.77. Current shareholders will receive the option Subscribe to Automotive World … Continued

• By Webmaster
• January 7, 2010