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Michelin acquires Flex Composite Group from IDI for EUR 700 million
Michelin announced that it has reached an agreement with IDI to acquire 100% of IDD’s Flex Composite Group (FCG) for an enterprise value of EUR 700 million. The acquisition is in line with Michelin in Motion 2030 strategy and will enable the company to create a leader in high-tech engineered fabrics and films. This a....
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