Press release
Clermont-Ferrand – June 19, 2019
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) edouard.de-peufeilhoux@michelin.com Humbert de Feydeau +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com Pierre Hassaïri pierre.hassairi@michelin.com | Media Relations Corinne Meutey +33 (0) 1 78 76 45 27 +33 (0) 6 08 00 13 85 (mobile) corinne.meutey@michelin.com Individual Shareholders Isabelle Maizaud-Aucouturier +33 (0) 4 73 98 59 27 isabelle.maizaud-aucouturier@michelin.com Clémence Rodriguez +33 (0) 4 73 98 59 25 clemence.daturi-rodriguez@michelin.com |
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