Camso, the Road Free company, is a world leader in the design, manufacturing, and distribution of off-road tyres, wheels, rubber tracks and undercarriage systems to serve the material handling, construction, agricultural and powersports industries. It employs more than 7,500 dedicated employees who place 100% of their effort on 11% of the global tyre and track market—the off-the-road market. It operates advanced R&D centres and manufacturing plants in North and South America, Europe and Asia. Camso supplies its products to leading original equipment manufacturers (OEM) under the names Camso and Solideal and distributes its products in the replacement market through its global distribution network.
Indirect change in the shareholding structure in Camso Lastik Ticaret Limited Şirketi
Camso International S.a.r.l., a company incorporated and operating under the laws of Luxemburg owns 100% of the total share capital of our company, Camso Lastik Ticaret Limited Şirketi (“Company”). The sole shareholder of Camso International S.a.r.l. is Camso Inc., a corporation incorporated pursuant to the federal laws of Canada.
As of 18 December 2018, our Company has been notified that Compagnie Générale des Établissements Michelin (“Michelin”), a company incorporated pursuant to the laws of France acquired 100% of the shares in Camso Inc. as a result of an acquisition transaction completed abroad. As a result of this share transfer, the indirect cumulative shareholding ratio of CDP Investissements Inc., Fonds de solidarité des travailleurs du Québec (F.T.Q.), Capital régional et coopératif Desjardins, Nexcap Inc., CAP Investments S.A. and Anchorage S.A. in our Company has decreased from 100% to 0% and Michelin’s indirect shareholding ratio in our Company increased from 0% to 100%.
Respectfully declared to the public for their information.