CFAO Chairman and CEO Richard Bielle and Michelin's Yves Chapot

Michelin targets Kenya, Uganda with new venture

Paris — Groupe Michelin has established minority-owned joint venture with a French company active in car sales in Africa and Asia to handle the import and distribution of Michelin tires in Kenya and Uganda.

The new venture, 49% owned by Michelin, is with CFAO Automotive, a Paris-based company with 133 sales…

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