Compagnie Generale des Etablissements Michelin SCA (MICP.PA)
Wed, Mar 21 2018
PARIS, March 21 French tyre manufacturer Michelin said on Wednesday it had agreed to a joint venture with automotive and pharmaceutical distribution specialist CFAO to sell premium tyres in Kenya and Uganda.
* CFAO AND MICHELIN TEAM-UP TO MARKET HIGH-QUALITY TIRES IN KENYA AND UGANDA
* Fenner jumps 24 pct on $1.7 bln Michelin bid (Updates prices, adds details)
French tire maker Michelin plans to buy British engineering company Fenner for 1.2 billion pounds ($1.7 billion) so that it can serve mining companies better and benefit from an industry recovery.
* Plans to delist Fenners shares from LSE (Adds details, background, closing share price)
March 19 French tyre maker Michelin has agreed to buy British engineering company Fenner for 1.2 billion pounds ($1.68 billion) to increase its offering for mining clients and expand its engineered materials business, it said on Monday.
* RECOMMENDED CASH ACQUISITION OF FENNER PLC BY COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN SCA