Goodyear to buy out Sava’s share of Slovenian JV

The Goodyear Tire & Rubber Company is to acquire the outstanding shares in Sava Tires d.o.o., a joint venture tyre manufacturing company in Kranj, Slovenia. Goodyear will exercise a pre-existing option and purchase the remaining 20 percent of Sava Tires owned by Slovenia’s Sava d.d. for approximately $52 million. The transaction is expected to be completed in June. Goodyear’s stake in Sava Tires is held by its 75 percent-owned Goodyear Dunlop Tires Europe affiliate.

Goodyear has invested over $100 million at the Kranj plant since…

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