Russian tyre company Amtel to sell 10 percent of stock

By Liz White, ERJ staff
Moscow-Leading Russian tyre maker Amtel agreed 23 Sept to sell 10 percent of its stock in a private placement, being underwritten by Troika Dialog Group.

Investor presentations by Troika and Amtel in Moscow and London, during the week beginning 27 Sept, will give institutional investors the opportunity to buy shares.

“This offering represents another major step in the company’s strategy to raise its profile with the international investor community and ultimately to become a publicly traded company,” added Sudhir Gupta, president…

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