Apollo and Bain weigh bids for Continental industrial unit
Private equity firms are weighing bids for Continental's industrial unit in a deal worth 3.5 billion euros. The move follows a major corporate restructuring.
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Several high-profile investment firms, including Apollo Global Management, Inc. and Bain Capital GSS Investment Cor, are reportedly weighing bids for the industrial division of Continental AG. The potential transaction for the unit, known as ContiTech, could value the business at approximately 3.5 billion euros, or roughly $4.06 billion.
