ATU: Mobivia acquires Michelin’s minority shareholding
To date, neither Michelin nor Mobivia have commented on the transaction (Photo: ATU)
Five years ago, Michelin purchased a 20 per cent stake in German automotive parts and servicing network ATU for 60 million euros. The French tyre maker has now confirmed that majority shareholder, France’s Mobivia Group, will acquire the minority stake from Michelin “in the next few days” and thus become the retail chain’s sole owner
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