In an interview with the German Automobilwoche trade magazine Wennemer, also reiterated that acquisitions of other companies remain a high priority for Continental.
These remarks follow reports that Continental is holding takeover talks with both Matador Rubber and Amtel-Vredestein. The earlier private equity takeover bid was pitched to Conti by Bain Capital LLC and offered more than Continental’s 13 billion euro market, according to the Financial Times.