Titan International postpones ITM listing

Concerns about the affect of global trade concerns and Brexit upon Europe’s financial markets have led Titan International to postpone a potential listing of its Italtractor ITM S.p.A. (ITM) business. According to company chairman Maurice Taylor, these factors have impacted the company’s ability to suitably evaluate its strategic alternatives with respect to ITM.

“We continue to believe that ITM has a strong future, continued growth and Titan will execute a plan that is in the best interest of our shareholders,” stated Paul Reitz, president and chief executive officer of Titan International.