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Qingdao Doublestar acquiring Kumho Tire

Writer: Notch
Notch
Mar 17, 2017
1 min read

China’s Qingdao Doublestar says it has signed an agreement with creditors of Korea’s Kumho Tire to acquire a 42% stake in the company. The $830M deal could make Doublestar into China’s largest tiremaker and one of the world’s ten largest tire companies.

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