Tyre firm Amtel buys 63 new Russian outlets

Newswire

MOSCOW, March 31 (Reuters) - Russian-Dutch tyre maker Amtel-Vredestein NV said on Friday it had bought 63 tyre and service centres across Russia. It said the acquisitions included the Good Wheels and Nordshina chains in St Petersburg. "We have realised a significant market share in Moscow, St Petersburg and in several vital cites as a result of these acquisitions," Chief Executive Alexei Gurin said in a statement. "We are proceeding according to the expansion strategy we announced to ...

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