Continental says Vitesco spin-off will not happen this year
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FRANKFURT (Reuters) - German car parts maker Continental is postponing the planned listing of its powertrain unit Vitesco Technologies, citing ongoing economic uncertainty. Shareholders will not be asked to sign off on the plans for a Vitesco spin-off at the annual general meeting on July 14 and the deal will not take place this year, Continental said in a statement on Thursday. "We are now arranging the organizational and procedural requirements so that Continental and Vitesco Technologies..