Sibur-Russian Tyres Willing, If A-V Can Clear Debt

According to unconfirmed reports, Sibur-Russian Tyres has agreed to some type of merger with troubled Amtel-Vredestein provided the later can restructure its current debt load.

The reports said that Sibur-Russian Tyres gave Amtel-Vredestein two months to rework its loans or even repay some of all of the loans. However, given the current worldwide financial crisis, it is not expected that banks will make major concessions, the reports said. (Tire Review/Akron)