With the profitability of the Indonesian producers under duress owing to bearish physical prices, Hainan rubber acquired a 36% stake in Halcyon Agri (HAC), looking at securing long-term supply as most tire producers expect more volatility in 2023.
What is covered in the Full Insight:
Introduction
Strategic Timing of the Acquisition
Impact on Rubber Prices and Production
Market Reactions and Share Price Movements
Historical Context and Previous Deals
SUMMARY
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