RUSSIA: Sibur suspends Amtel-Vredestein debt buy plan
Russian petrochemicals firm Sibur on Friday said it had suspended talks with creditors of Russian-Dutch tyre manufacturer Amtel-Vredestein to buy the firm's debts but was still looking to buy its assets.
Russian petrochemicals firm Sibur on Friday said it had suspended talks with creditors of Russian-Dutch tyre manufacturer Amtel-Vredestein to buy the firm’s debts but was still looking to buy its assets.
Sibur said in a statement cited by the Reuters news agency that it had suspended talks with Amtel’s creditors because of a lack of decision from Russia’s largest bank, Sberbank, on whether to participate in Amtel’s debt restructuring.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
