Is Nokian Tyres a takeover target?
Nokian Tyres’s controlled exit from Russia means two things: 1) The company must negotiate the closure and/or sale of its Vsevolozhsk, St Petersburg factory; and 2) It must replace the 80 per cent of passenger car tyre production capacity the Russian operation used to provide (Photo: Nokian Tyres)
How the Russia-Ukraine war, the company’s low share price and other challenges make Nokian Tyres prime takeover material for a premium brand with the money and desire
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