It has been announced in Romania that the country’s Competition Council has approved the proposed takeover of Reifen Ihle’s Romanian operation – Ihle Anvelope by Michelin.

A media report in Romania confirmed details of the proposed acquisition by Michelin who already own three tire manufacturing plants in the country along with the Romanian tire distribution business, Euromaster Tire and Services.

Source: http://www.satreads.com/international-news/