Metro hopes Conti will take a stake — rumour

India’s Metro Tyres is rumoured to be preparing to divest some shares to Germany’s Continental AG. However, a spokesman for Conti said the board has not been asked about any such proposal. Jorg Essiger, managing director of Conti’s motorcycle tyre unit was quoted in the Hindu Business Line paper as saying, “We are not averse to picking an equity stake in Metro Tyres. If such a decision is made, it will be for a minority stake that would affirm our commitment to the partnership with…

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