Conti pulls out of another deal. (Continental AG deal to eastern German firm Gummiwerke Elbe GmbH)

European Rubber Journal | November 1, 1990| | Copyright

Conti pulls out of another deal

FRANKFURT/MAIN, GERMANY--Continental AG has withdrawn its offer to cooperate with eastern Germany's Gummiwerke Elbe GmbH, but still intends to work with two other former state-run enterprises.

Phoenix AG and Carl Freudenberg KG are proceeding with their plans to cooperate with manufacturers in eastern Germany.

The cancellation of its talks with Wittenberg-based Gummiwerke Elbe comes just a few weeks after Continental decided against cooperating with the pneumant tyre-making enterprise. In both cases, "excessive ...

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