Amtel, Sibur in talks on joint Russian tyre venture

Newswire

MOSCOW, Jan 31 (Reuters) - Russian-Dutch tyre manufacturer Amtel-Vredestein said on Thursday it was in talks with Russian petrochemical firm Sibur about creating a joint tyre venture. "As a result of such a business combination, Sibur may become one of the principal shareholders in the combined business through the issue of new equity," the company said in a statement. (Reporting by Tanya Mosolova; Editing by Guy Faulconbridge)

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