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Continental plans to sell fuel supply business

Wed Apr 23, 2008 10:38pm IST
 
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FRANKFURT (Reuters) - Continental (CONG.DE: Quote, Profile, Research) plans to sell its fuel supply business unit, which has 3,500 staff and posted sales of 450 million euros ($718 million) last year, Continental said on Wednesday.

Continental said in a statement it had decided to sell the unit because it was not part of the core activities of its Powertrain Division.

(Reporting by Jonathan Gould)

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