Tag: Michelin owns 99.6% of Indonesia’s Multistrada shares

Michelin owns 99.6% of Indonesia’s Multistrada shares

French Group Michelin has recently acquired additional share capital of Indonesian tyre manufacturer Multistrada Arah Sarana (Multistrada) after a public offer for the company’s outstanding shares – Michelin’s interest in Multistrada now stands at 99.64%. In March 2019, Michelin initially…