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Michelin acquires majority stake in Indonesian tire-maker PT Multistada Arah Sarana

Acquisition to strengthen Michelin’s presence in Indonesia

Michelin has acquired a majority stake of 88% in Indonesia-based tire-maker PT Multistrada Arah Sarana TBK (Multistrada) for USD 480 million, the French tire-maker announced in a press release on 8 March.

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