Michelin Raises Stake in Hankook - aftermarketNews

Michelin Raises Stake in Hankook

From Reuters

French tire maker Michelin said on Wednesday it had raised its stake in South Korean peer Hankook Tire to 8.9 percent from 6 percent.

A Michelin spokeswoman added that the company had raised its stake as part of a previous agreement with Hankook that allows Michelin to have up to 10 percent of Hankook’s capital.

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