Michelin says it has completed the private placement to institutional investors of 9.98% of Hankook Tire shares with gross proceeds worth around EUR405m (US$554m) leading to a gain for the French ...
French tyre maker Michelin said on Tuesday that it is to sell its 9.98-percent stake in rival South Korean tyre firm Hankook Tire and use the funds for investment in fast-growing markets. French tyre ...
SEOUL (Reuters) - Michelin sold all its 15.2 million shares, or a 9.98 percent stake, in South Korea's Hankook Tire <000240.KS> for 623 billion won ($555.7 million), the French tire maker said on ...
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