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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Michelin | EU:ML | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.22 | -0.61% | 35.62 | 35.60 | 36.00 | 36.06 | 35.58 | 35.94 | 1,647,581 | 16:40:00 |
From Apr 2019 to Apr 2024
By Stephen Nakrosis
Michelin on Friday said it acquired an 88% stake in Indonesian tire manufacturer PT Multistrada Arah Sarana TBK.
The French company said it paid $480 million for the stake.
Michelin said they are launching a public offer for the remaining outstanding shares of Multistrada.
Michelin said Multistrada generated net sales of $281 million in 2017. As part of the deal, Michelin also acquired a 20% stake in retailer PT Penta Artha Impressi.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 08, 2019 12:20 ET (17:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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