Newswire

Russia's Amtel places 10 pct of stock-underwriter

MOSCOW, Sept23 (Reuters) - Russian tyre maker Amtel has agreed the sale of 10 percent of its stock in a private placement, said Troika Dialog, the investment bank which acted as underwriter for the deal.

A statement issued by Troika on Thursday said institutional investors would be able to acquire shares in Amtel, the country's leading tyre producer, from next week when investor presentations will be held in Moscow and London.