Continental to pursue listing of powertrain division
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FRANKFURT (Reuters) - German auto supplier Continental on Tuesday said it will seek to list its powertrain division Vitesco Technologies without the option of retaining a minority stake."The Executive Board of Continental AG has decided to no longer pursue the preparation of a potential partial IPO of Vitesco Technologies," the company said in a statement.Plans for a split off of Vitesco will be submitted to a shareholder vote on April 30, 2020, Continental said.Earlier this year Continental..