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.