Michelin has confirmed it has successfully completed the private placement to institutional investors of 15,195,587 shares of Hankook Tire, representing approximately 9.98% of the share capital of the South Korean tyre supplier, at a price of €26.64 (US$36.7) per share. Based on an exchange rate of Won 1,539.12:€, the estimated gross Subscribe to Automotive World … Continued
Michelin has confirmed it has successfully completed the private placement to institutional investors of 15,195,587 shares of Hankook Tire, representing approximately 9.98% of the share capital of the South Korean tyre supplier, at a price of €26.64 (US$36.7) per share.
Based on an exchange rate of Won 1,539.12:€, the estimated gross
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https://www.automotiveworld.com/articles/90299-france-michelin-sells-hankook-tire-stake/
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