Announced
Completed
Sinochem-backed China National Tyre & Rubber completed the acquisition of a 38% stake in Prometeon Tyre Group from China Cinda Asset Management.
Financials
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For38%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
Friendly
Cross Border
Completed
Italy
Private
Minority
Private Equity
Acquisition
Tires
tires
Single Bidder
Synopsis
Sinochem-backed China National Tyre & Rubber, a rubber manufacturer, completed the acquisition of a 38% stake in Prometeon Tyre Group, a manufacturer of tires, from China Cinda Asset Management, a private equity firm. Financial terms were not disclosed.
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