Michelin partners in Spanish wholesale joint venture
At around the same time that Michelin moved to acquire 100 per cent of German tyre wholesaler Ihle Baden-Baden, the company gained approval to enter the Spanish wholesale market. On 12 September 2014, the Spanish National Authority for Markets and Competition (Comisión Nacional de los Mercados y la Competencia) gave its approval for Euromaster Automoción y Servicios, S.A.U. and Rodi Metro, S.L., which operates the 150+ Rodi Motor Services retail network in Spain, to form a new wholesaling operation to distribute car and light commercial vehicle tyres within the country. Rodi says the wholesale operation has been set up as a 50/50 partnership.