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Michelin eyes 40% stake sale in Anhui Warrior

Michelin eyes 40% stake sale in Anhui Warrior
Michelin eyes 40% stake sale in Anhui Warrior

Mubasher: France's Compagnie Generale des Etablissements Michelin on Monday announced plans to sell about 40% of its stake in Chinese joint venture Anhui Warrior.

The French tire company added that it will sell 30% of the shares to Shanghai Huayi Group and 10% to Double Coin Tire Group.

Michelin did not reveal the value of the sold stake.