Amtel-Vredestein in talk with continental: Reports say Conti could buy controlling stake by spring 2007-3-6

摘要

Only weeks after it emerged that Continental was discus- sing a possible purchase of Slovakian tyremaker, Matador Rubber, reports have surfaced that Continental's eastward movement could now include purchasing the majority stake of Amtel-Vredestein. According to Russia's Bomber- sant newspaper, Amtel-Vredestein (AV) managing director Alexei Gurin recently initiated discussions with Continental AG and the company could sell a majority stake to the German company as soon as spring 2007. For its part AV confirmed it has held discussions with Continental "in relation to possible areas of cooperation in Russia." A Continental spokesman at the company's Hanover headquarters also confirmed that talks between the two companies had taken place.