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08.06.2010   General news

Sibur agrees to buy Amtel-Vredenstain’s debt

Источник: PRIME-TASS

Russian petrochemical company Sibur has agreed to buy tire maker Amtel-Vredestein debt from a group of creditors represented by A1, an affiliate of Alfa Group, A1 and Sibur said Tuesday.

The companies said they expected to close the deal by the end of June.

Amtel-Vredestein was declared bankrupt in August 2009, while its subsidiaries, Amtel-Povolzhye and Amtel-Chernozemye, were put under supervision.