UPDATE 1-Michelin sells stake in Korea's Hankook Tire

Newswire

* Plans to sell 9.98 pct stake in Hankook Tire * Could raise up to $610 mln from stake sale-source (Adds details) By Elena Berton and Elzio Barreto PARIS, Nov 8 (Reuters) - French tyre maker Michelin said it would sell its 9.98 percent stake in Korean peer Hankook Tire in a move to streamline its portfolio and generate cash. Michelin could raise up to $610 million through the sale, a person with direct knowledge of the plans told Reuters on Tuesday. The French company is selling ...

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