Amtel disputes $65 million claim from bank

ERJ staff report (DS)

Moscow — Bankrupt Russian tyre maker Amtel NV is disputing a claim for $65 million from one of its creditors. Russian Bank Petrocommerce.

The details are sketchy, but the tyre company has issued a press release in the Russian language saying that, due to some legalistic issues, it hopes to have the creditor struck from the record.

The debt dates back to 2006 period, when the company was known as Amtel-Vredestein NV


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