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Amtel-Vredestein Considers MShZ-M Sale

Amtel-Vredestein has held talks with a number of companies regarding the sale of property rights held by its Moscow tyre manufacturing unit, Moscow Tyre Plant-M (MShZ-M).

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The Company said that should it be sold, the production capacities may be transferred to its Voronezh, Russia facility.

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MShZ-M is a maker of the tyres under the Taganka trademark. The authorized holders involve the Bank of Moscow and Clearing System, holding 50.05% and 31.35%, respectively. (Tire Review/Akron)

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