Michelin ups stake in S.Korea tyre maker to 10 pct

Newswire

SEOUL, June 27 (Reuters) - French tyre maker Michelin has raised its stake in Hankook Tire to 9.98 percent from 6.24 percent, the South Korean company said on Friday. The announcement comes after Michelin had said its shareholding in Hankook rose to 8.9 percent last Wednesday. Hankook Tire told the regulatory Financial Supervisory Service in a note that the shares had been bought in the stock market. (Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)

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