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Compagnie Generale des Etablissements Michelin SCA (MICP.PA)

MICP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Michelin Changed Intentions On Redundancy For Employees Based At Fenner's Head Office
Thursday, 6 Jun 2019 

June 6 (Reuters) - Compagnie Generale des Etablissements Michelin SCA ::MICHELIN - AT END OF MARCH 2019, MICHELIN CHANGED ITS INTENTIONS WITH REGARD TO REDUNDANCY FOR EMPLOYEES BASED AT FENNER'S HEAD OFFICE.MICHELIN - SMALL NUMBER OF EMPLOYEES IN FENNER'S HEAD OFFICE HAVE TAKEN REDUNDANCY ON AN INDIVIDUAL BASIS.MICHELIN - HONOURED TERMS OF FENNER'S EXISTING REDUNDANCY POLICY PUT IN PLACE PRIOR TO DEAL FOR EMPLOYEES IN FENNER'S HEAD OFFICE WHO TOOK REDUNDANCY.  Full Article

Michelin Expands U.S. Bicycle Tire Distribution with HLC
Monday, 18 Mar 2019 

March 18 (Reuters) - Compagnie Generale des Etablissements Michelin SCA ::MICHELIN - ANNOUNCED AN EXPANSION OF ITS AGREEMENT WITH HLC TO DISTRIBUTE CO'S FULL BICYCLE PRODUCT LINEUP IN THE U.S. MARKET.MICHELIN - PRODUCTS WILL BE AVAILABLE TO ORDER FROM HLC DISTRIBUTION CENTERS BEGINNING MARCH 18.  Full Article

Faurecia, Michelin to create global leader in hydrogen mobility
Monday, 11 Mar 2019 

March 11 (Reuters) - Faurecia SA /Michelin ::To create a joint venture bringing together all of Michelin’s fuel cell related activities - including its subsidiary Symbio – with those of Faurecia..The two companies aim to create a world leader in hydrogen fuel cell systems through combining existing and complementary assets from both partners in the joint-venture. This will enable the joint venture to immediately offer a unique range of hydrogen fuel cell systems for all use cases..  Full Article

Michelin flags special procedures after Senard's Renault appointment
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Michelin ::JEAN-DOMINIQUE SENARD BECOMES CHAIRMAN OF RENAULT AND WILL CONTINUE TO SERVE AS CEO OF MICHELIN UNTIL HIS TERM EXPIRES IN MAY 2019.SPECIAL PROCEDURES WILL BE IMPLEMENTED AT MICHELIN AFTER SENARD'S APPOINTMENT AT RENAULT.FLORENT MENEGAUX WILL SUCCEED JEAN-DOMINIQUE SENARD AS HEAD OF MICHELIN.  Full Article

Michelin Acquires Indonesian Tire Manufacturer PT Multistrada Arah Sarana TBK
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - MICHELIN ::REG-MICHELIN : MICHELIN ACQUIRES LEADING INDONESIAN TIRE MANUFACTURER PT MULTISTRADA ARAH SARANA TBK.AGREEMENT TO ACQUIRE 80% OF PT MULTISTRADA ARAH SARANA TBK.WILL ACQUIRE A 20% STAKE IN RETAILER PT PENTA ARTHA IMPRESSI ("PENTA") IN PARTNERSHIP WITH INDOMOBIL AND PRIVATE INVESTORS.IN ADDITION, THROUGH TRANSACTION MICHELIN WILL ACQUIRE A 20% STAKE IN RETAILER PT PENTA ARTHA IMPRESSI.POTENTIAL SYNERGIES IN MANUFACTURING, SALES AND PURCHASING ARE EXPECTED TO REPRESENT UP TO USD 70 MILLION PER YEAR WITHIN 3 YEARS OF ACQUISITION.UPON CLOSING, MICHELIN WILL PAY USD 439 MILLION FOR 80% OF MULTISTRADA SHARES SUBJECT TO CERTAIN CLOSING ADJUSTMENTS.MULTISTRADA, INCLUDING 20% STAKE IN RETAILER PT PENTA AND 50 HECTARES OF AVAILABLE LAND, HAS BEEN VALUED AT USD 700 MILLION ENTERPRISE VALUE.ACQUISITION WILL BE FUNDED FROM INTERNAL FINANCIAL RESOURCES AND IS NOT EXPECTED TO HAVE AN IMPACT ON MICHELIN'S RATINGS.UPON CLOSING, MICHELIN WILL PAY USD 439 MILLION FOR 80% OF MULTISTRADA SHARES.MICHELIN WILL SUBSEQUENTLY LAUNCH A PUBLIC OFFER FOR REMAINING OUTSTANDING SHARES.  Full Article

Michelin To Acquire Indonesian Tyre Maker Pt Multistrada Arah Sarana Tbk
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Compagnie Generale des Etablissements Michelin SCA ::MICHELIN TO ACQUIRE INDONESIAN TYRE MAKER PT MULTISTRADA ARAH SARANA TBK IN DEAL VALUING COMPANY AT $700 MILLION.  Full Article

Michelin completes acquisition of Canada's Camso
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Compagnie Generale des Etablissements Michelin SCA :: MICHELIN COMPLETES ACQUISITION OF CAMSO. ACQUISITION COMPLETED UNDER the terms announced on July 12, 2018 and after obtaining all of the necessary approvals for the transaction.A TOTAL CONSIDERATION OF $1.36 BILLION WAS PAID FOR ACQUISITION..  Full Article

Michelin to close its Dundee site in United Kingdom in 2020
Monday, 5 Nov 2018 

Repeats to fix headline:.  Full Article

Michelin Provides Update On Its Financing Arrangements In Proposed Acquisition Of Fenner PLC
Monday, 9 Apr 2018 

April 9 (Reuters) - Compagnie Generale des Etablissements Michelin SCA ::MICHELIN : UPDATE ON MICHELIN'S FINANCING ARRANGEMENTS IN RELATION TO THE PROPOSED ACQUISITION OF FENNER PLC.ON 6 APRIL 2018 ENTERED INTO A NEW COMMITTED CREDIT FACILITY WITH CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK WHICH REPLACES INITIAL FACILITY.ALL TERMS AND CONDITIONS OF ACQUISITION REMAIN UNCHANGED..  Full Article

CFAO And Michelin Team-Up To Market Tires In Kenya And Uganda‍​
Wednesday, 21 Mar 2018 

March 21 (Reuters) - MICHELIN ::CFAO AND MICHELIN TEAM-UP TO MARKET HIGH-QUALITY TIRES IN KENYA AND UGANDA‍​.JOINT VENTURE OWNED 51 PERCENT BY CFAO AND 49 PERCENT BY MICHELIN.AGREEMENT FOR THE IMPORT AND DISTRIBUTION OF TIRES IN KENYA AND UGANDA.  Full Article

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