"The project is dead," General Capital’s Philipp Schoeller told Reuters. “A resurrection of the project lacks any practical basis."
Rumors surfaced Monday that Bain Capital, Permira, Goldman Sachs, KKR and General Capital were joining forces to acquire the Hanover, Germany-based tire and automotive supplier. Earlier this year, Bain and others looked into such a deal, but talks with Continental management ended by mutual agreement.