Sibur tyre unit bond convertible to 45 pct of stock


MOSCOW, Jan 28 (Reuters) - A bond offered by Sibur Russian Tyres to restructure the debts of its acquisition target Amtel Vredestein Sibur Russian Tyres, a subsidiary of Russian petrochemical company Sibur, said last week it would proceed with the acquisition of Russian-Dutch tyre maker Amtel-Vredestein and would offer a bond convertible into its own equity as part of the deal. [ID:nLN650871] "There is no point in merging (Amtel-Vredestein with Sibur-Russian Tyres) now because Amtel ...

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