Apollo Tyres completes 100 per cent acquisition of Vredestein Banden BV

With all regulatory approvals in place and consent from the Judge of the Dutch Courts, India-headquartered Apollo Tyres Ltd has concluded the formal process of acquiring a 100 per cent stake in the premium European tyre manufacturer Vredestein Banden BV (VBBV), based out of the Netherlands. The acquisition is being made from the parent company, Russia’s largest tyre manufacturer Amtel-Vredestein NV (AVNV). AVNV was declared bankrupt on 29 April 2009.
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