Kumho Tire acquisition: Is a tyre maker behind Tire Bank bid?

27th March 2018 | 0 Comments
 
Kumho Tire acquisition: Is a tyre maker behind Tire Bank bid?
Tire Bank may bid for a 45% share in Kumho Tire

The latest news from South Korea suggests that local tyre distributor and retail network operator Tire Bank Co. Ltd. would like to purchase the Kumho Tire shareholding that China’s Qingdao Doublestar Tire is currently negotiating to acquire from creditors. The unexpected appearance of the Daejeon-based firm, which hinted it may bid together with one or more partners, further complicates an already drawn out and difficult transaction.

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , , , , ,

Category: Company News, International News

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]