Continental AG plans to acquire a 51% stake in the rubber and conveyor-belt businesses of Slovakia’s Matador Group, subject to government approval. Continental, which has operated a joint venture with Matador in Puchov, Slovakia, since 1998, says the deal will provide it with expanded production operations in Eastern Europe. “Operationally, we intend to integrate Matador into our brand portfolio and invest in expanding annual production capacities (for light-vehicle tires) from 5.5 million ...
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