Overview
- The opening price implies a market value of about €3.5 billion based on roughly 100 million shares.
- Continental shares fell around 22% as prices adjusted to reflect the separation.
- Aumovio was temporarily added to the DAX to preserve index tracking and will be removed at the close of trading.
- The business spans brakes, chassis, vehicle electronics, infotainment, sensors and driver-assistance systems, with about €19.6 billion in annual revenue and roughly 86,000 employees.
- Schaeffler holds about 46% of the new company, and CEO Philipp von Hirschheydt is targeting revenue above €24 billion and a 6–8% operating margin over time.