Buyer for Vredestein Banden Found

A buyer for Vredestein Banden has been found. In a written statement released by the Dutch company on April 2, the holding company Amtel-Vredestein N.V. has received a “binding offer: from a “strategic” industrial market player for the total share capital of Vredestein Banden BV. According to company CEO Rob Oudshoorn, the agreement is “very binding”, and it is “highly unlikely” that any complications will prevent the deal from going ahead. The CEO declined to disclose the deal’s value.

Tyres & Accessories will report further on this transaction when information is available.