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It’s Official: Vredestein for Sale

(Dutch News) Amtel, the Russian owner of car tyre maker Vredestein, is putting the company up for sale, the NRC reports on Monday.

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Director Rob Oudshoorn told the paper talks are under way with a number of candidates and the sale is expected to be completed in the first quarter of next year.

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Amtel bought Vredestein in 2004 for €195m. Last month Amtel applied for court protection from creditors.

Enschede-based Vredestein has a workforce of 1,500 and produces some five million tyres a year. (Tire Review/Akron)

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