Bridgestone to acquire stake in Nokian

Bridgestone, the Japanese tiremaker. said it plans to acquire an 18.9 % stake in Nokian Tyres, the largest tire manufacturer in the Scandinavian region, through its wholly owned Belgium-based subsidiary Bridgestone Europe that is set to pay € 78 million for two million shares in Nokian. The deal would make Bridgestone the Finnish tiremaker's largest shareholder. It is buying the shares from Finnish telecommunications equipment maker Nokia.
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