Advertisement
UK markets open in 1 hour 1 minute
  • NIKKEI 225

    37,604.69
    -855.39 (-2.22%)
     
  • HANG SENG

    17,257.07
    +55.80 (+0.32%)
     
  • CRUDE OIL

    82.92
    +0.11 (+0.13%)
     
  • GOLD FUTURES

    2,329.90
    -8.50 (-0.36%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,503.36
    -2,032.01 (-3.80%)
     
  • CMC Crypto 200

    1,389.79
    -34.31 (-2.41%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

Continental selling Russia operations - CEO

The logo of Continental

BERLIN (Reuters) - Continental is selling its operations in Russia including its factory in Kaluga because of Russia's invasion of Ukraine, CEO Nikolai Setzer said on a press call on Wednesday.

"The war is the reason for our controlled withdrawal from Russia. This means the sale of our activities, including our factory in Kaluga. We are in advanced stages of the sales process," Setzer said.

(Reporting by Victoria Waldersee; Editing by Paul Carrel)