MICHELIN TAKES 100% CONTROL OF ALLOPNEUS
PARIS (Reuters) – Michelin announced in a press release on Wednesday that it had acquired all of the capital of Allopneus, in which it had held 40% since 2015.
With the takeover of the French leader in the sale and assembly of tires for individuals on the Internet, the Clermont-Ferrand group is strengthening its position in online commerce.
The amount of the transaction was not specified.
(Written by Myriam Rivet, edited by Blandine Hénault)