Brief: Titan International Sells 10.4% Stake In Wheels Of India For About $19 Mln

Wheels India

08/10/2019 24:38

Oct 7 (Reuters) - Titan International Inc  TWI.N :
    * TITAN INTERNATIONAL INC SELLS 10.4% STAKE IN WHEELS OF
INDIA FOR
APPROXIMATELY $19 MILLION
    * TITAN INTERNATIONAL INC -  SALE REDUCES COMPANY'S INDIRECT
OWNERSHIP INTEREST IN WHEELS INDIA TO APPROXIMATELY 23.8%
    * TITAN INTERNATIONAL INC -  WILL MAINTAIN 2 BOARD SEATS IN
WHEELS
OF INDIA
    * TITAN INTERNATIONAL INC - TO FOCUS MORE HEAVILY ON CO'S AG
WHEELS AND TIRES BUSINESSES
    * TITAN INTERNATIONAL INC -  EXPECTS TO USE PROCEEDS TO PAY
DOWN
OUTSTANDING INDEBTEDNESS
    * TITAN INTERNATIONAL INC -  ON OCT. 3, THROUGH UNIT,
COMPLETED
SALE OF SHARES OF WHEELS INDIA LIMITED

Source text for Eikon:  ID:nPn2pGljWa 
Further company coverage:  TWI.N 

 ((Reuters.Briefs@thomsonreuters.com;))