Amtel-Vredestein to launch IPO on London Stock Exchange

By Liz White, ERJ staff

Amsterdam, the Netherlands-Amtel-Vredestein NV announced 20 Oct its intention to launch a public offering of ordinary shares. Tyre producer Amtel Vredestein is incorporated in the Netherlands and headquartered in Moscow. It has manufacturing plants in Russia and in the Netherlands.

Amtel said the offering is intended to include shares currently held by some of the company’s existing shareholders as well as new shares and will be offered outside the US to international institutional investors in the form of global depository receipts (GDRs)….

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