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RPT-UPDATE 1-Continental AG buys into Sime tyre unit

(repeats to fix tense in headline) (Updates with signing, adds quotes) KUALA LUMPUR, Feb 26 (Reuters) - Germany's Continental AG , the world's fourth-largest tyre maker, said on Wednesday it had bought 30 percent of the tyre unit of Malaysian conglomerate Sime Darby's for $31 million.