Michelin increases share capital in Indonesian tire-maker Multistrada to 99.64%
French tire-maker reached an agreement to acquire 80% of Multistrada in January this year
Michelin has increased its ownership in Indonesia-based tire-maker PT Multistrada Arah Sarana TBK to 99.64%, the company said in a statement on 19 June. The French tire-maker reached an agreement to acquire 80% of Multistrada for USD439 million in January this year.
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