MOSCOW, Russia (Feb. 9) — Amtel-Vredestein N.V. said it has suspended talks with Continental A.G. regarding cooperation in Russia. The two companies said last year they were discussing potential areas of cooperation but gave no details about the discussions.
Amtel-Vredestein is Europe´s No. 4 tire company in terms of sales, and operates plants in Russia and the Netherlands.
It also said it may consider selling equity participation in, or spinning off, its AV-TO subsidiary, Russia's leading auto parts tire distributor and retail centers network in order to reduce its debt.