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Hankook Tire drops takeover bid for Indonesia's Multistrada

SEOUL, Sept 5 (Reuters) - South Korea's Hankook Tire Co Ltd said in a regulatory filing on Monday that it has dropped a plan to take over Indonesia's Multistrada Arah Sarana PT .

Hankook Tire was among bidders for a controlling stake worth at least $200 million in the Indonesian tyre maker, along with Buyout firm TPG Capital LP and Japan's Yokohama Rubber Co Ltd , sources told Reuters earlier. (Reporting by Ju-min Park; Editing by Chris Lewis)