Nizhnekamskshina unlikely to join Pirelli-Sibur deal - report

ERJ staff report (DS)

Moscow -- A report in the Russian publication Vedomosti suggests that there is no room in the proposed deal between Pirelli, Russian Technologies and Sibur-Russian Tyres for the other Russian tyre maker, Nizhnekamskshina.

The report quotes the May issue of Sibur's staff newspaper which, it claims, says Nizhnekamskshina is unlikely to be part of the re-structuring of the country's tyre industry under Pirelli and Russian Technologies, in which Sibur will become a passive investor.

The Novosti report suggested that there is only room for Nizhnekamskshina if the deal with Pirelli and Russian Technologies does not go through.

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Report in Novosti publication (Russian language)

Above report auto-translated into English from Russian