Michelin plans to sell its activities in Russia to Power International Tires

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M&A

Michelin suspended its industrial activities in Russia on March 15, 2022

In a press release announcement May 26, Michelin said that it has signed an agreement with Power International Tires for the purchase of its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) LLC and Camso CIS LLC.

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