Michelin sells Hankook stake, but buyers drive hard bargain
French tyre manufacturer Michelin raised W623.04bn ($556m) after it sold its stake in South Korea’s Hankook Tire on Tuesday night, but only after reducing the size of the offer and agreeing to close it at a level below the official price range.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts