Michelin currently owns c. 24% in SIPH, a producer of natural rubber, primarily in Ivory Coast but also other Western African countries. The partner is Ivory Coast located SIFCA, which controls c. 55.5%. The two have launched a squeeze out offer at €85 per share which values the transaction at €89m and the entire company at some €430m.
07 Jun 2017
Michelin raises stake in natural rubber producer in Ivory Coast
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Michelin raises stake in natural rubber producer in Ivory Coast
- Published:
07 Jun 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Michelin currently owns c. 24% in SIPH, a producer of natural rubber, primarily in Ivory Coast but also other Western African countries. The partner is Ivory Coast located SIFCA, which controls c. 55.5%. The two have launched a squeeze out offer at €85 per share which values the transaction at €89m and the entire company at some €430m.