Tiger Wheels to Spin Off Tyre Outlets
Early in November Tiger Wheels announced restructuring plans, which would see the company divest its entire shareholding in South African retailer Tiger Wheel & Tyre and wholesale tyre businesses in the UK and SA. These businesses would list on the JSE (Johannesburg Stock Exchange) as Tiger Automotive Limited (TAL). The move would spell the end of the interdependent relationship between the company’s German-based subsidiary and aluminium wheel producer ATS Beteiligungsgesellschaft (ATS) and the after-market retail and wholesale operations.