Continental in Russia: S8 Capital named again as likely buyer

Without naming its sources, German newspaper Frankfurter Allgemeine (FAZ) stated yesterday that Continental intends to sell its tyre factory in Kaluga, Russia to holding company S8 Capital. The publication shares that Continental is awaiting the transaction’s approval by Russian authorities. A Continental spokesperson told FAZ that the sale is at an “advanced stage.”

Yesterday’s FAZ article follows news published by Russian newspaper Kommersant last month naming S8 Capital as a potential buyer of Continental’s assets in Russia. Continental refrained from commenting on its involvement in such a transaction at the time.

Increased Matador production in Kaluga

Sharing information on expected production in Kaluga for the summer 2023 season, Continental Tires RUS wrote on 16 March that it will manufacture more Matador-branded tyres, offering 13- to 21-inch sizes from the plant. “Taking into account the challenges of the time, market conditions and customer demands, we are increasing production and sales of the Matador brand. Tyres of this brand successfully combine high quality, innovative technologies and reasonable price,” commented Vladimir Barvinok, general director of Continental Tires Rus.

Continental Tires Rus also continues to offer the Continental tyre brand in Russia, with its distribution network supplying dealers with the ContiPremiumContact, ContiCrossContact LX2, ContiCrossContact LX Sport and CrossContact ATR ranges.