Shareholders suggest bankruptcy for Amtel-Vredestein OJSC

MOSCOW (April 27, 2009)—Amtel-Vredestein OJSC shareholders meeting in Moscow April 24 have told management the company should declare bankruptcy.

The firm's management hasn't commented on the recommendation yet. Amtel-Vredestein OJSC is the Russian unit of Russian-Dutch tire maker, Amtel-Vredestein N.V.

Amtel-Vredestein N.V. has been granted suspension of payments by the Dutch Court and is supervised by a court-appointed administrator.

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