Russia Amtel buys Dutch tyre firm for EUR 196 mln

Newswire

MOSCOW, April 25 (Reuters) - One of Russia's leading tyre producers, Amtel, has closed a deal to buy Dutch company Vredestein Banden, paying 195.6 million euros ($256 million), the Russian firm said in a statement on Monday. "The transaction will allow Amtel to boost its operations in Europe, Asia, North America and the former Soviet union," the statement said. Amtel, which plans an initial public offering for up to 25 percent of its shares in London this year, has said the acquisition ...

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