(Reuters) – French tyre maker Michelin said on Friday it was selling its activities Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tire distributor in the country.
The agreement, approved by local authorities, will save 250 jobs, mainly based in Davydovo, the group said in a statement.
(Reporting by Dina Kartit, edited by Jason Neely)
