rubber-Collection_siph-natural-NR-tapping

Michelin bids to acquire all shares in SIPH

Paris – Groupe Michelin has filed a public tender offer in France to acquire 1,042,324 shares in natural rubber producer Société Internationale de Plantations d’Hévéas (SIPH) not currently under its control.

The cash offer of €85 per share was issued through 99.99%-owned subsidiary Compagnie Financière Michelin SCmA (CFM), “acting in concert” with the Ivory Coast company SIFCA, the tire maker said 6 June.

CFM and SIFCA “respectively hold 23.81% and 55.59% of SIPH’s capital and 25.33% and 62.89% of the voting rights and, in concert, 79.40% of…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with