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Tyre makers Continental, Michelin plan joint venture - filing

Credit: REUTERS/Philippe Wojazer

German automotive supplier Continental and France's Michelin plan a joint venture related to tyre production, according to a list of mergers under review published by the German antitrust authority.

Updates to say venture is related to rubber sourcing

FRANKFURT, Sept 11 (Reuters) - German automotive supplier Continental CONG.DE and France's Michelin MICP.PA plan a joint venture related to tyre production, according to a list of mergers under review published by the German antitrust authority.

The venture, in which French farming technology firm SMAG is also listed as a partner, would be based in Singapore, according to the Aug. 29 filing published on the Federal Cartel Office's website.

Sources close to Continental and Michelin clarified that the venture was called Rubberway, a mobile application launched by the French company in support of its policy of sourcing the raw material sustainably.

(Reporting by Matthias Inverardi and Jan Schwartz; Writing by Douglas Busvine; Editing by Edmund Blair and Jonathan Oatis)

((douglas.busvine@tr.com; +49 69 7565 1271; Reuters Messaging: douglas.busvine.thomsonreuters.com@reuters.net))

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