Continental: Hoosier Racing Tire acquisition cost €126 million

When Continental AG announced its purchase of Hoosier Racing Tire last month, it didn’t disclose the price paid for the US-based company. Details of the transaction can be found in Continental’s Q3 2016 financial report, however, and there the company writes that the provisional purchase price for Hoosier Racing Tire was approximately €126 million. This sum was paid in cash, it adds.

Further details weren’t given in the Q3 2016 documentation; Continental states that the acquisition’s timing prevented it from providing further data.