CORRECTED - RLPC-Continental funds VDO buy with 13.5 bln euro loan


(Corrects credit ratings in paragraph 5 to BBB+ from BBB for Standard & Poor's, and to Baa1 from Baa2 for Moody's Investors Service.) LONDON, July 26 (Reuters) - Continental AG is arranging a 13.5 billion euro financing package to back its agreed acquisition of Siemens' electronics unit VDO, a source close to the deal said on Thursday. The financing package, which funds the acquisition and refinances existing debt, is being arranged by Citigroup and Goldman Sachs, the source told ...

Premium Content (PAID Subscription Required)

"CORRECTED - RLPC-Continental funds VDO buy with 13.5 bln euro loan" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×