Tyre maker Michelin buys 88% in Indonesia's Multistrada for $480m

Tyre maker Michelin buys 88% in Indonesia's Multistrada for $480m

Jakarta, Indonesia. Photo: Pixabay

French tyre maker Michelin said it had bought an 88 percent stake in Indonesian peer company PT Multistrada Arah Sarana for $480 million, strengthening its presence in a fast-growing Asian market.

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