Continental wants new shares priced near market-CFO

Newswire

HANOVER, Germany, Oct 30 (Reuters) - German automotive parts supplier Continental AG wants new shares it is issuing to be priced near the market price, Chief Financial Officer Alan Hippe told Reuters on Tuesday, but said it was too early to give a price range. He also reiterated the company's goal to increase 2007 sales and earnings from 2006 levels and said he would not rule out increasing tyre prices due to high oil prices.

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