Continental and Michelin plan a tyre making joint venture, according to a list of mergers under review published by the German antitrust authority.
Reuters said the venture, in which French farming software firm SMAG is also listed as a partner, would be based in Singapore, citing a 29 August filing published on the Federal Cartel Office website.
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Continental declined to comment to the news agency which noted the disclosure came as the Hanover based company restructures in the face of what CEO Elmar Degenhardt this week called a global industry crisis that could only be overcome with state aid.
Continental has said it may shut plants as part of its restructuring with Degenhardt saying he hoped to achieve clarity on how many would be affected by the end of this year.
The restructuring involves splitting Continental into three divisions, Reuters noted.
It has said it could spin-off its Powertrain unit rather than listing it.
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By GlobalDataThe other units would be Continental Rubber and Continental Automotive.
