Continental CEO rules out share buyback - paper

Newswire

FRANKFURT, Dec 28 (Reuters) - German tyre and car parts maker Continental AG has ruled out buying back the company's own shares, its chief executive told Die Welt. "We want to grow, not to shrink. That's exactly the case by most companies which buy back own shares," Manfred Wennemer said in a summary copy of the newspaper's Friday edition. Continental ruled out a share buyback earlier this year, despite its strong cash flows. Its shares ended unchanged at 88 euros on Thursday, broadly ...

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