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| Name | Symbol | Market | Type |
|---|---|---|---|
| Michelin Compagnie Generale Des Etablissements Michelin (PK) | USOTC:MGDDY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30 | 1.73% | 17.64 | 17.29 | 17.90 | 17.706 | 17.53 | 17.55 | 174,866 | 21:09:04 |
From Jan 2020 to Jan 2025
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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