Author: Michelin Official News

Changes to the composition of the Supervisory Board

Changes to the composition of the Supervisory Board   New member appointed by cooptation to the Supervisory Board  The members of the Supervisory Board of Compagnie Générale des Établissements Michelin, meeting on November 12, 2020, noted the resignation of Cyrille Poughon from the Board due to new responsibilities he will be taking on in the… Continue reading Changes to the composition of the Supervisory Board

Michelin announces the success of its three-tranche bond offering for a total amount of 1.5 billion euros

The following pages contain information relating to the issuances by Compagnie Générale des Etablissements Michelin of bonds (the “Bonds“) by means of a private placement to institutional investors only. This website and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically… Continue reading Michelin announces the success of its three-tranche bond offering for a total amount of 1.5 billion euros

Michelin contemplates a euro three-tranches bond offering (2020)

The following pages contain information relating to the issuances by Compagnie Générale des Etablissements Michelin of bonds (the “Bonds“) by means of a private placement to institutional investors only. This website and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically… Continue reading Michelin contemplates a euro three-tranches bond offering (2020)

MICHELIN acquires all outstanding shares in Le Fooding®

MICHELIN acquires all outstanding shares in Le Fooding® A long-planned acquisition Le Fooding® celebrates its 20th anniversary boasting six million loyal readers Michelin is acquiring all outstanding shares in Le Fooding® three years after the two companies first began collaborating. The deal is the culmination of an agreement signed with the co-founders of Le Fooding®… Continue reading MICHELIN acquires all outstanding shares in Le Fooding®

Financial information at September 30, 2020

Financial information at September 30, 2020 After falling steeply in the second quarter due to the health crisis, global tire demand picked up more strongly than expected in the third quarter. Passenger car and Light truck tires: demand plunged 17% over the first nine months, with a 6% decline in the third quarter demonstrating a… Continue reading Financial information at September 30, 2020

Capital reduction – Cancellation of 1,097,540 treasury shares

Capital reduction – Cancellation of 1,097,540 treasury shares Pursuant to the decision of the Managing Chairman on October 13, 2020 and the fifth and the twenty-fourth resolutions of the June 23, 2020 Shareholders Meeting and the fifth and fourteenth resolutions of the May 17, 2019 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to… Continue reading Capital reduction – Cancellation of 1,097,540 treasury shares

Michelin signed a EUR 2.5bn Multicurrency Revolving Credit Facility

Michelin signed a EUR 2.5bn Multicurrency Revolving Credit Facility Compagnie Générale des Établissements Michelin, signed on 16 October 2020 with a group of 19 banks a new EUR 2’500’000’000 multi-currency revolving credit facility (“the Facility”). The Facility replaces the existing EUR 1,500,000,000 facility dated 12 July 2011 and amended on 20 July 2012 and 10… Continue reading Michelin signed a EUR 2.5bn Multicurrency Revolving Credit Facility

Michelin:Michelin launches “BIB’Action 2020”, a global employee share ownership plan

 PRESS RELEASEClermont-Ferrand – September 14, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINMichelin launches “BIB’Action 2020”, a global employee share ownership planCompagnie Générale des Établissements Michelin (hereinafter the “Company”) today announced the launch of a new employee share ownership plan giving Michelin group employees the opportunity to subscribe to a rights issue reserved for them under preferential terms.… Continue reading Michelin:Michelin launches “BIB’Action 2020”, a global employee share ownership plan

Michelin hails the France hydrogen strategy plan and reaffirms its hydrogen goals

Michelin hails the France hydrogen strategy plan and reaffirms its hydrogen goals On this occasion, Florent Menegaux, Chairman of Michelin said, ‘The announcement of this plan is a major step in the development of a French hydrogen industry of excellence. Michelin is convinced that hydrogen mobility will be one of the essential components of clean… Continue reading Michelin hails the France hydrogen strategy plan and reaffirms its hydrogen goals