Continental open to MAG offer for French tyre plant

Newswire

HANOVER, Germany, June 30 (Reuters) - German automotive supplier Continental AG is interested in a proposal from Syrian-owned MAG group to buy a French tyre factory in Clairoix that is due to be closed. "We will send a response in the course of this week," said a spokesman for Continental, which is controlled by rival group Scheffler and is struggling with debt. [ID:nLJ53250] MAG, a Dubai-based industrial and property group owned by Syrian millionaire Moafaq al-Gaddah, offered this month ...

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