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


 

                                                                                                                                                                                                   

Attachment