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Indonesia’s Indomobil Divests Multistrade Shares for $108M

JAKARTA (TheInsiderStories)- Indonesian automotive maker, PT Indomobil Sukses Internasional Tbk (IDX:IMAS) divested PT Multistrada Arah Sarana Tbk (IDX:MASA) shares to French tire manufacturer Michelin...

French’s Michelin Acquired 80% Multistrada’s Shares for US$439M

JAKARTA (TheInsiderStories) - French tire manufacturer, Michelin Group, acquired 80 percent shares of PT Multistrada Arah Sarana Tbk (IDX:MASA) for US$439 million, said the...

French Michelin, South Korean Hankook Eyes Indonesian Tyre Maker Multistrada’s Shares

JAKARTA (TheInsiderStories) - A number of global tyre companies have shown their interest in acquiring Indonesia’s tyre maker, PT Multistrada Arah Sarana Tbk (IDX: MASA),...