Amtel, Sibur JV on hold until debts cut - source

Newswire

MOSCOW, March 24 (Reuters) - Russian-Dutch tyre manufacturer Amtel Vredestein and Russia's leading petrochemical firm, Sibur, will not form their joint venture until Amtel has restructured its debts, a Sibur source said on Monday. Amtel said this year it was in preliminary talks with Sibur's tyre unit, Sibur-Russian Tyres, on creating a joint tyre venture that could help Amtel resolve its debt refinancing problems. "(Amtel) must restructure or reduce its debt ... There must be some kind of ...

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