Apollo, Bain in bidding for Continental industrial unit, Bloomberg News reports

Private equity firms including Apollo Global Management and Bain Capital are weighing bids for Continental's industrial division in a deal that could value it at roughly €3.5 billion ($4.06 billion). The potential carve-out, reported by Bloomberg, could unlock material value for Continental and be stock-moving for the company and bidders, but terms, timing and a definitive bid remain uncertain.

Analysis

Private equity firms including Apollo Global Management and Bain Capital are weighing bids for Continental's industrial division in a deal that could value it at roughly €3.5 billion ($4.06 billion). The potential carve-out, reported by Bloomberg, could unlock material value for Continental and be stock-moving for the company and bidders, but terms, timing and a definitive bid remain uncertain.