Cooper Tire to sell 11 pct stake in S.Korea Kumho

Newswire

SEOUL, July 29 (Reuters) - U.S.-based Cooper Tire & Rubber Co has said it planned to sell off its 10.71 percent stake in South Korea's Kumho Tires Co Ltd , a Kumho official said on Tuesday. "Cooper's lock-up period ended in end of May. Kumho is looking for financial or strategic investors," the official told Reuters by telephone. Cooper bought the stake in 2005. Kumho, whose shares closed 3.1 percent lower at 8,500 won, had a market value of 595 billion won ($588.8 million) as ...

Premium Content (PAID Subscription Required)

"Cooper Tire to sell 11 pct stake in S.Korea Kumho" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×