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.
Source:
Mubasher