Sibur Russian Tires, though, said it would not entertain buying out the financially troubled A-V “under the structure currently being discussed,” said reports.
A-V has been actively seeking ways to reduce its debt load, accumulated with its various acquisitions of tire plants and retail centers in Russia.
While the discussions are said to be at a preliminary stage, Amtel-Vredestein said in an official statement, "As a result of such a business combination, Sibur may become one of the principal shareholders in the combined business through the issue of new equity.” (Tire Review/Akron)