Yokohama Rubber to pay $2.18 bln for shares of Sweden's Trelleborg

The Yokohama Rubber

25/03/2022 06:32

TOKYO, March 25 (Reuters) - Yokohama Rubber Co  5101.T 
plans to pay 265.2 billion yen ($2.18 billion) for all
outstanding shares in Sweden's Trelleborg Wheel Systems Holding
AB, the Japanese company said on Friday, as it moves to expand
its global business.
    The Swedish firm makes and sells off-highway tires (OHT) for
agricultural and industrial machinery.
($1=121.8600 yen)

 (Reporting by Mariko Katsumura; Editing by Clarence Fernandez)
 ((Mariko.Katsumura@thomsonreuters.com;))