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2012 ANNUAL SHAREHOLDERS MEETING
The Annual Meeting of Michelin shareholders was held today in Clermont-Ferrand, under the chairmanship of Michel Rollier, Managing General Partner, along with Jean-Dominique Senard, Managing General Partner. Shareholders adopted all of the ...
The price of the new shares issued to shareholders electing to reinvest their dividend was set at €47.09 representing 90% of the average opening prices on the NYSE Euronext Paris stock exchange over the twenty trading days preceding the date of the ...
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MOODY’S UPGRADES MICHELIN TO BAA1
Moody’s has upgraded Michelin’s long-term credit rating to Baa1 from Baa2, with a stable outlook, while affirming its P-2 short-term rating. According to the Moody’s press release: “ The upgrade reflects Michelin’s continuous improvement in its ...
Tire markets down overall, with a contrast between: - Passenger Car, Light Truck and Truck tires, where demand weakened as expected. - Specialty businesses, which remain buoyant. Sales volumes down 9.6%, as expected, due to: - A high basis of ...
(Clermont-Ferrand - April 10, 2012) - Michelin today announced it will build a new Earthmover tire plant that will help to strengthen its world leadership in the radial Earthmover tire segment. The Group will build a new Earthmover tire plant in ...
(Clermont-Ferrand, April 2, 2012) - The Michelin Group and its Tigar Tyres subsidiary have announced the signing today of a memorandum of understanding with Serbian authorities and the City of Pirot to expand production capacity at the Tigar Tyres ...
MICHELIN SELLS BUILDING AT 46 AVENUE DE BRETEUIL IN PARIS FOR AROUND €110 MILLION
Following on from the consolidation of its Paris-based teams in Boulogne-Billancourt last June, Michelin agreed yesterday to sell the property complex at 46 avenue de Breteuil in Paris’ seventh arrondissement to French insurer Covéa. Proceeds from ...
STANDARD & POOR’S UPGRADES MICHELIN TO BBB+
Standard & Poor’s has upgraded Michelin’s long-term credit rating to BBB+ from BBB, while affirming its A-2 short-term rating and stable outlook. According to the Standard & Poor’s press release, the decision reflected the significant ...
FINANCIAL INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2011
2011: A Year That Fully Validated Michelin's Strategic Vision 2012: Higher Operating Income Target and Positive Free Cash Flow in More Widely Varying Markets Sales volumes up 6.7% thanks to a very strong first half. Robust operating income of €1,945 ...
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