Russia Alfa gets blocking stake in tyre maker Amtel

Newswire

MOSCOW, Dec 20 (Reuters) - Alfa Group, controlled by Russian billionaire Mikhail Fridman, has boosted its stake in Russian-Dutch tyre maker Amtel-Vredestein to a blocking 26.14 percent from 17.35 percent, Alfa said on Wednesday. Alga Group said in a statement it had bought 6 million ordinary shares from the company's founder Sudhir Gupta. It gave no price for the shares. "We positively assess the prospects of Amtel-Vredestein's development and hope for a significant growth in the value of ...

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