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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

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

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https://www.automotiveworld.com/articles/80240-germany-continental-to-raise-1-1bn/

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