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International, Reader's Choice, Tyre Industry

Is Yokohama planning to buy Alliance Tire Group?

Posted: March 7, 2016 at 5:09 pm   /   by   /   comments (1)

If the rumors doing the rounds in the European tyre & rubber industry are to be believed, Yokohama Rubber Co. might be working on its plans to buy a majority stake in Indian OTR tyre-manufacturer Alliance Tire Group (ATG), as reported by the ERJ (European Rubber Journal).

According to the ERJ source, the private equity group KKR (Kohlberg Kravis Roberts), which owns 90 percent of ATG’s shares, is currently in talks with Yokohama to close a deal.

However, both ATG & KKR have declined to comment on what they described as “speculation” stating that, “As per company policy we do not comment on speculative reports.”

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