India, April 8 -- The ContiTech group sector will become independent, according to a decision made today by the Continental Executive Board. Analysing and evaluating the potential transaction forms for independence and creating an implementation schedule are the tasks of the next preparation phase. In the following phase, the Executive Board will make a decision on this.

Currently, Continental believes that the most likely course of action is to sell ContiTech. This will be put into effect following the sale of the Original Equipment Solutions (OESL) business area and the spin-off of the Automotive group sector. ContiTech may achieve independence by the end of 2026, pending the completion of the required resolutions.

With the anticipat...