Michelin raises stake in Hankook to 10 percent

Paris — Michelin announced today that it has increased its equity investment in Hankook Tyres to nearly 10percent.

Michelin acquired a 6.3% stake in Hankook Tyres in March 2006 and increased its holding to 8.9% on June 18, 2008.

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Press release from Michelin

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