The Car and Truck Fleet and Leasing Management Magazine

Bridgestone Divests its Venezuela Operations

May 30, 2016

Bridgestone Americas has announced that it has reached an agreement to divest its business in Venezuela, Bridgestone Firestone Venezolana C.A. (BFVZ), to the Corimon Group.

This divestiture follows BFVZ deconsolidation in the third quarter of 2015, and a strategic decision to prioritize Bridgestone’s growth and investment in other Latin American markets, according to the company.

Due to the fact that the Venezuela operations were deconsolidated from Bridgestone Americas last year, this divestiture will have no financial impact on the company, according to Bridgestone.

Bridgestone Firestone Venezolana C.A. will now become Alice Neumáticos de Venezuela, a company managed by the Corimon Group, according to the company.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Up Next

More From The World's Largest Fleet Publisher