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Compagnie Générale des Etablissements Michelin
AGM Information • Jun 19, 2019
1526_iss_2019-06-19_a79ac300-59ee-4c5c-85dc-afc454933f1d.pdf
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COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN
Following a successful public offer, Michelin now holds 99.64% of the share capital of leading Indonesian tire manufacturer PT Multistrada Arah Sarana TBK.
In line with its strategy, Michelin acquired 87.59% of PT Multistrada Arah Sarana TBK ("Multistrada"), a tire manufacturer based in Indonesia, on March 8, 2019. As Multistrada is a publicly listed company, and pursuant to Indonesian regulations, the Group launched a public offer for the remaining outstanding shares, at the same price per share as that offered for the 87.59% stake. The transaction enabled Michelin to acquire an additional 12.05% of the share capital, bringing its interest in Multistrada to 99.64%. In total, the Group paid USD 545 million for the acquisition.
Investor Relations
Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) [email protected]
Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) [email protected]
Pierre Hassaïri [email protected]
Media Relations
Corinne Meutey +33 (0) 1 78 76 45 27 +33 (0) 6 08 00 13 85 (mobile) [email protected]
Individual Shareholders
Isabelle Maizaud-Aucouturier +33 (0) 4 73 98 59 27 [email protected]
Clémence Rodriguez +33 (0) 4 73 98 59 25 [email protected]
