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French tyre maker Michelin sells its activities in Russia By Reuters

French tyre maker Michelin sells its activities in Russia

© Reuters. FILE PHOTO: The logo of French tyre maker Michelin is seen at a company building in Boulogne-Billancourt, near Paris, France, August 6, 2022. REUTERS/Sarah Meyssonnier/File Photo

(Reuters) – French tyre maker Michelin (EPA:) said on Friday it was selling its activities Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tire distributor in the country.

The agreement, approved by local authorities, will save 250 jobs, mainly based in Davydovo, the group said in a statement.

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