Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Matador in talks with Continental

THE PLANNED capital increase in the joint venture Continental Matador plant, which produces tires for trucks in Púchov in western Slovakia, will significantly increase production capacity, according to the plants' officials.

Both partners, Slovak tire producer Matador Púchov and German car industry supplier Continental, are now negotiating the possible extension of their strategic partnership into the passenger car tire market.

"These negotiations still aren't closed. A final contract between both partners still hasn't been arranged," Matador Group spokesman Dušan Koblišek told the TASR news agency in response to a recent report by a German daily.

According to the daily, Continental wants a majority share in Matador and is willing to pay Sk5.5 billion (€150 million) to get it.

The takeover still has not been approved by Continental's supervisory board. Continental also doesn't want to get involved in Matador's production of other car industry components, such as brakes, because these have nothing to do with Continental's core business.

Matador and Continental have run a joint company in Púchov for seven years. Continental owns 76 percent of the company. They also have a joint venture in Omsk, Russia.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Touring wine cellars in Bratislava Photo

Nearly 30 wine cellars and wineries were opened in the boroughs of Rača, Nové Mesto, Vajnory and Devín during the first edition of Po Bratislavských Vínnych Pivniciach event.

Wine tasting in Pivnica u Štefana in Devín.

How to elect your mayor

When you live in a small village, you don't care about Bratislava. At home, everything is at stake.

Home (for a rest)

Returning from exile is a fine thing, but no one talks about how exhausting it is.

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018