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Continental Plans Repayment of a Bond Loan

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The German tyre manufacturer Continental plans to use its current financial capabilities and liquidity for the repayment of a 500 million euro bond loan. Continental Rubber of America, (Wilmington, Delaware), which is an indirect subsidiary of Continental AG, invited all holders to submit a sales offer. “By these means Continental practices active balance management using additional liquidity in order to redeem our debts. This repayment shows the improved financial situation of Continental,” explains Dr Alan Hippe, CFO and member of the board.

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