The Executive Board of Continental AG has decided to no longer pursue the preparation of a potential partial IPO of Vitesco Technologies (currently the Powertrain division). Instead the Company will exclusively pursue the spin-off of 100% of Vitesco Technologies with subsequent listing.

Subject to the approval by the Supervisory Board of Continental AG, the planned spin-off shall be submitted to the Annual General Meeting on April 30, 2020, for its approval.

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Continental AG published this content on 22 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2019 12:04:06 UTC