Tatneft sells its tire business to AO Tatneftekhiminvest

LONDON, UK: Tatneft has signed an agreement to sell the tire business of Tatneft Group to AO Tatneftekhiminvest-holding, which is not a member of Tatneft Group. The transaction framework covers, inter alia, Tatneft Group participation in Management Company Tatneft-Neftekhim LLC, in Nizhnekamsk All-Steel Tyre Plant LLC and LLC TD KAMA, as well as the shares in PJSC…