Continental sells motor unit for 250 mln eur-source

Newswire

FRANKFURT, Dec 20 (Reuters) - Continental sold its electric motor devices business to peer Brose for some 250 million euros ($359.2 million), an industry source told Reuters on Thursday. Continental had said earlier it is divesting the electric motor devices business Continental acquired when it bought Siemens' automotive electronics unit VDO. (Reporting by Arno Schuetze)

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