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01.12.2014 14:29:49
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Cooper Tire Closes Sale Of Its 65% Ownership In Cooper Chengshan - Quick Facts
(RTTNews) - Cooper Tire & Rubber Company (CTB) announced it has closed the sale of its 65 percent ownership in Cooper Chengshan (Shandong) Tire Company Ltd (CCT) to Chengshan Group Company Ltd. for approximately $262 million net of taxes and including dividends in accordance with the previously announced option agreement.
"Resolving the ownership of CCT has been a key goal for us, and we are pleased to have it completed as we continue to execute our long-term growth plans for China," Cooper CEO Roy Armes said.
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