Row risks UAE firm’s plant bid

The planned rescue of a mothballed German tyre factory in France by a UAE industrial group could stall because of a row over technology transfer.

The fate of the Continental factory on the outskirts of Paris has become a cause celebre for French trade unions and politicians after the tyre giant announced its planned closure in March.

Continental has given the Sharjah-based Moafaq Al Gaddah (MAG) until the end of today to make clear its intentions regarding the planned rescue.