Amtel-Vredestein says top owner cuts holding


MOSCOW, Aug 24 (Reuters) - Russian-Dutch tyre manufacturer Amtel-Vredestein said on Friday its founder and supervisory board chairman, Sudhir Gupta, had cut his stake in the firm to 11.4 percent from 29.3 percent. "Mr. Gupta has also indicated in a letter to the company that he may sell additional shares in the future," the firm said in a statement. It said Gupta had sold 12,165,954 global depository receipts (GDRs) for $5.21 to $5.68 per GDR between July 18 and Aug. 22. The GDRs closed ...

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