UPDATE 1-Continental sells electric motors business to Brose

Newswire

(Adds sale price, details, background, shares) FRANKFURT, Dec 20 (Reuters) - Germany's Continental AG sold its electric motor devices business and another unit to peer Brose, in a deal which an industry source said was worth a total of 250 million euros ($359.2 million). The electric motor devices business was acquired by Continental when it bought Siemens' automotive electronics unit VDO earlier this month. Brose also bought Continental's cooling fan business. "The transaction ...

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