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Tyre Maker Reduces Share In Car Manufacturer

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Michelin on Thursday reduced a long held 3.8% share in the French auto manufacturer PSA Peugeot Citroën to 1%. The tyre manufacturer sold 1.

27 million PSA shares which is estimated nearly 420 million Euro. The transaction will have positive effects on the financial structure of the company, Michelin announced..

Related news:

  1. Michelin shares slip following 1H financials
  2. Praktish Appointed Michelin North America Executive VP & CFO
  3. Michelin catering to a proliferation of performance sizes
  4. Rollier appointed chairman of Michelin’s Supervisory Board
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