Michelin expected to improve offer in latest bid for 100% of Stomil Olsztyn

Michelin, already the majority shareholder in tire producer Stomil Olsztyn, has said it may consider buying up the remaining shares in the company if minority shareholders accept a reasonable price. "We are ready to negotiate. However, the other side must make some concessions," said Stomil Olsztyn president Benoit de la Breteche. It is not known how much the French company may be planning to offer. However, according to unofficial sources, the price per share will be higher than the zl.24.50 rejected by minority shareholders last year when Michelin launched its previous bid to gain full control over Stomil Olsztyn. (Puls Biznesu, p. 3) A.Z.