UPDATE 3-Continental eyes acquisitions after Q4 profit rise

Newswire

(Rewrites with CEO quotes from news conference) By Christiaan Hetzner FRANKFURT, Feb 23 (Reuters) - Equipped with a bulging war chest, German automotive supplier Continental AG said on Thursday acquisitions were its top priority for 2006 after posting a 17 percent rise in fourth-quarter operating profit. Booming demand for electronic brake systems along with expanding margins at its tyre business have continued to generate strong cash flows and reduce debt, raising the issue of what ...

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