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At its meeting today, the Supervisory Board of Continental approved the planned spin-off of Automotive and is recommending that the 2025 Annual Shareholders’ Meeting also approve this step. Subject to this approval, the future independent company is to have cash funds of €1.5 billion by the time of the spin-off, according to the Supervisory Board’s resolution, with a clear business-related allocation of opportunities and risks to the two future companies. The financing of Automotive’s operating business is also to be strengthened by a revolving credit facility of €2.5 billion.
