India: Apollo Tyres buys Germany’s Reifencom GmbH for $49m, to expand European biz

India: Apollo Tyres buys Germany’s Reifencom GmbH for $49m, to expand European biz

Visual from Apollo Tyres website

Apollo Tyres Ltd has acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for €45.6 million (around Rs.324 crore), the company said in a statement on Monday.

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