Hankook Tire plans to acquire an Indonesia tire company

On August 9, 2011, Korean tyre company Hankook Tire confirmed that it is trying to acquire Indonesian tire manufacturer Multistrada Arah Sarana. Hantai Tire said in a routine document that no progress has been made regarding the acquisition.

Local media reported that local companies such as Hankook Tire, TPG and Yokyohama Tire listed an Indonesian company on the acquisition list and planned to acquire a controlling stake, involving an amount of approximately US$210 million.

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