Continental AG gets $2.13 bln from share issue

Newswire

FRANKFURT, Oct 30 (Reuters) - German tyre and car parts maker Continental will receive proceeds of almost 1.48 billion euros ($2.13 billion) after issuing 14.65 million new shares at a price of 101 euros each in a capital increase. Continental, which earlier on Tuesday posted quarterly results, said in a statement the issue was executed by way of an accelerated bookbuilding process with the exclusion of shareholders' pre-emptive rights. "Shares will be entitled to the full dividend for ...

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