You are here: / SIFCA

Posts

Michelin to purchase additional SIPH shareholding

Michelin intends to acquire all shares in Société Internationale de Plantations d’Hévéas (SIPH) not already owned by itself or Ivory Coast-based company SIFCA. It is launching a public buyout offer on 7 November, offering 85 euros per share. This buyout offer is being made exclusively in France and will be followed by a squeeze out.

Read more

Related news:

  1. Public offer: Michelin, SIFCA looking to wholly acquire rubber producer SIPH
  2. Sinochem International Buys 51% of GMG
  3. Apollo and Cooper – is this the start of the expected wave of consolidation?
  4. Warburg Pincus acquires first tranche of Apollo Tyres shares
/by

Public offer: Michelin, SIFCA looking to wholly acquire rubber producer SIPH

Acting in concert with Ivory Coast-based company SIFCA, Michelin has opened a simplified cash public tender offer through its 99.99 per cent-owned subsidiary Compagnie Financière Michelin SCmA (CFM) to acquire the 841,285 shares in natural rubber company Société Internationale de Plantations d’Hévéas (SIPH) not currently held by the two parties. Michelin states that it and SIFCA will pay 85 euros for each share in the West Africa-based rubber producer and marketer.

Read more

Related news:

  1. Michelin to purchase additional SIPH shareholding
  2. Sinochem International Buys 51% of GMG
  3. Apollo and Cooper – is this the start of the expected wave of consolidation?
  4. Pyrolysis technology: Michelin partnering with Enviro
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.