Amtel delays shareholder meeting – Sale still possible

ERJ staff report (DS)

Moscow — Amtel Vredestein said it is delaying a shareholders’ meeting that had been scheduled for the second half of January. The company had intended to use the meeting to submit to shareholders plans for the sale of its subsidiary, Vredestein Banden BV. However, in a statement, the board said Amtel Vredestein, “is not at this stage in a position to submit a decision on the disposal of its subsidiary Vredestein Banden B.V. (“VBBV”) to the general meeting for…

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