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Michelin acquires 88% of Indonesia based Multistrada
Michelin announced it has acquired 88% of PT Multistrada Arah Sarana TBK (“Multistrada”), a tire manufacturer based in Indonesia, for USD 480 million. The transaction was completed in line with the terms announced on January 22, 2019 . With a production capacity of more than 180 thousand tons, Multistrada generated n....
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