As we discussed previously, Continental AG(CTTAY) completed its spinoff of AUMOVIO and shares began trading in Frankfurt today. AUMOVIO is an automotive behemoth with nearly 20 Billion Euro in annual sales. The company has no debt and 1.5 Billion Euro in cash. AUMOVIO hopes to increase its adjusted EBIT margin from 2.7% in the first half of 2025… Read More »
AUMOVIO Spinoff- The Cars Coming Off The Tires Best known as a tire manufacturer, Continental Aktiengesellschaft(CTTAY) is a broader conglomerate, consisting of three divisions: Automotive, Tires, and ContiTech. On September 18, 2025, , Continental AG is executing a pure spinoff of its automotive segment into a standalone company named AUMOVIO. Existing Continental shareholders will receive one AUMOVIO share… Read More »
Let’s kick off the week with another edition of the always eclectic Spinoff Odds and Ends: 1) Thyssenkrupp Update We provided an update on thyssenkrupp’s (TKAMY) new ‘strategic direction’ last week. The JV with Tata Steel is out and the elevator business spinoff was scrapped for an IPO instead. Just a few days later though, the story seems… Read More »