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Michelin interested in Continental tyre unit-paper

FRANKFURT, Sept 21 (Reuters) - French tyre maker Michelin MICP.PA would consider buying Continental's CONG.DE tyre unit, should the division be for sale as part of Schaeffler's takeover of Continental, German magazine WirtschaftsWoche reported.

Michelin would consider acquiring the tyre unit “with a great deal of attention, even though there might be cartel related problems,” Michelin Chief Executive Michel Rollier told the magazine.

Rollier reiterated he expects Michelin to reach an operating margin of 10 percent by 2010 if conditions do not change, even though the situation right now is as bad as it can possibly be, WirtschaftsWoche reported. (Reporting by Peter Dinkloh; Editing by David Cowell)

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