Continental sees up to 350 mln eur VDO synergies

Newswire

HANOVER, Germany, Feb 21 (Reuters) - German automotive parts supplier Continental expects net synergy benefits from its acquisition of Siemens VDO to be between 300 and 350 million euros ($442-$516 million) by 2010. The company, which had only forecast more than 300 million euros during a news conference, gave the more concrete estimate in charts prepared on Thursday for an analyst conference that starts at 1430 GMT. In the presentation, Continental also specified that it estimates ...

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