Airbus : Tyre maker Michelin buys 88 percent of Indonesia's Multistrada

PARIS (Reuters) - French tyre maker Michelin said it had bought an 88 percent stake in Indonesian peer company PT Multistrada Arah Sarana for $480 million, strengthening its presence in a fast-growing Asian market.

Michelin has been on the takeover trail, and acquired Canadian rival Camso for $1.45 billion last year.

(Reporting by Sudip Kar-Gupta; Editing by Susan Fenton)

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