Conti may buy Amtel-Vredestein. Russians confirm talks

Enschede, The Netherlands – Amid speculation by Russian media, Tyre producer Amtel-
Vredestein said it has held discussions with Continental AG in relation to “possible areas of cooperation in Russia.” These discussions are at an early stage and may or may not lead to any agreement. A further announcement will be made in due course, said the company.

Kommersant, a usually-reliable news agency in Russia, is reporting that the talks involve Conti buying a majority stake in Amte-Vredestein. Kommersant reports, “Amtel-Vredestein General Director Alexey Gurin neither…

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