S8 Capital set to acquire the Russian Bridgestone tyre factory

S8 Capital, which recently acquired the Continental plant, is set to acquire the Bridgestone tyre plant in Ulyanovsk, Russia and become the country’s second-largest tyremaker. According to the Pravda newspaper, the acquisition marks the continuation of S8 Capital’s expansion into the tyre industry. Post-acquisition S8 Capital will be second only to Tatneft, which acquired a Nokian Tires plant in the Leningrad region earlier this year, in terms of tyre manufacturing capacity.