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Kumho Industrial Sells Tiremaker Share to Chemical Unit

(Akron/Tire Review) Kumho Industrial Co. has sold its 32.1% share in Kumho Tire Co. to its Kumho Petrochemical Co. unit.

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Kumho Industrial the 22.5 million shares it held in Kumho Tire to Kumho Petrochemical for $351 million, making the petrochemical group Kumho Tire’s single largest shareholder.

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