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Rubber Report - 19 May 2017

  • i2Matrix
  • 19 May 2017
Bridgestone’s acquisition of Group Ayme completed
 
Bridgestone now operates a total of more than 900 First Stop, Speedy and Côté Route retail outlets in France now that the company’s acquisition of Group Ayme and its 104 points of sale has been completed. The deal was finalised yesterday, reports Bridgestone EMEA; the French competition authorities gave clearance and authorised the transaction without any restrictions.
 
In a statement, Bridgestone writes that “this acquisition supports Bridgestone’s retail vision to become the most trusted provider of tyre and automotive service in every business segment we serve.” Paolo Ferrari, chief executive officer and president of Bridgestone EMEA, states: “This acquisition is another great step forward to fuel Bridgestone’s growth in the region.
 
“From the first discussions with the Ayme Family it became clear that we share core values of customer service, the same focus on the end user, and that we benefit from the contribution of great professional teams,” Ferrari continues.
 
“Over the years, Groupe Ayme has developed a very solid business, this is due to their outstanding competence in retail management and founded on their unique relationship with the end users through their outlets and affiliates. We will strongly support the implementation of Groupe Ayme’s strategic plan.”
 
Groupe Ayme managing directors Jean-Luc Ayme and Mathieu Ayme note that, “After more than 100 years in this sector, the time was right for our company to join the world’s largest tyre company. Bridgestone offered us the chance to be part of a successful group, further enhancing our financial strength, while allowing us to continue to develop the business that has been so successful.”
 
-- TyrePress

 

 

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THE PEOPLE

Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 (www.bfm.my) business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

For more information, you can visit them at http://www.i2matrix.com

 

 

Benny Lee's interview with Bloomberg Malaysia