Continental Awards Mandate to Credit Suisse

Investment bank supports automotive supplier as independent consultant in upcoming financing topics

Hanover, (PresseBox) - Continental AG, Hanover, is engaging Credit Suisse to act as an independent consultant for the upcoming financing topics within the corporation. The key task of the advisor is to evaluate options for future sustainable financing and capital structures as well as to enable an optimal refinancing of the company. "For the upcoming tasks and meetings regarding various interrelated financing topics, we wanted to ensure that we also have the support of an independent consultant without prior or existing connections to any of the stakeholders of Continental," said Continental CEO Dr. Elmar Degenhart Thursday in Hanover. "Our goal is to create a sound financial structure that continues to give us the flexibility to fully realize our strategic goals."

Continental Reifen Deutschland GmbH

With sales exceeding €24 billion in 2008, the Continental Corporation is one of the top automotive suppliers worldwide. As a supplier of brake systems, systems and components for the powertrain and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, the corporation contributes towards enhanced driving safety and protection of the global climate. Continental is also a competent partner in networked automobile communication. The corporation currently employs approximately 130,000 at nearly 190 locations in 35 countries.

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