Vredestein Banden sale expected to conclude in Q1

ERJ staff report (DS)

Enschede, Netherlands — Rob Oudshoorn, managing director of Vredestein Banded said he expects the sale of Vredestein to complete in the first quarter of 2009.

He declined to give any clue about the potential buyer, except to say there had been bids both from other tyre makers and from private equity groups.

Vredestein management has previously said it would like to be an independent company. Prior to its sale to the Russian Amtel group, it was owned by Dutch private equity….

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