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CNRC acquires 38% share in Prometeon Tyre Group

CNRC 2022-07-08

China National Tyre & Rubber Co., Ltd (CNRC), a subsidiary of Sinochem Holdings, completed the acquisition of the 38% share owned by High Grade (HK) Investment Management Ltd. on June 28. Upon conclusion of internal decision-making procedures, CNRC will entrust its stake in PTG to Aeolus Tyre.

With this deal, CNRC has become the direct stakeholder of 38% of Prometeon’s shares, while Aeolus holds a 10% stake. The remaining 52% is owned by TP Industrial Holding S.p.A. - a company controlled by CNRC.

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Produced By CMS 網站群內容管理系統 publishdate:2024-10-30 18:02:23