Shareholders OK Russian tire firm deal

Shaw, David
September 2008
Rubber & Plastics News;9/8/2008, Vol. 38 Issue 3, p20
Trade Publication
The article reports that shareholders at Amtel-Vredestein NV have approved a takeover of the firm by Sibur Russian Tyres. It is stated that after the takeover, $20 million will be available to pay for the restarting of a closed plant in Kirov, Russia. It is mentioned that the merger will give Sibur Russian Tyres' parent, Sibur Holdings JSC, 70% control of the tire manufacturing operation.


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