Michelin owns 20% of Scandinavian Enviro Systems again after capital increase

Michelin once again owns 20 per cent of the shares in Scandinavian Enviro Systems (Enviro) following the dilution of its holding in May as a result of the completed new issue. The increase in its holding resulted from Michelin, via its subsidiary, acquiring two million of the shares that were issued in May to Unwrap Finance AB. Enviro has no information about the purchase consideration or the acquisition price.