Sibur completes acquisition of 17.5% of Polief’s shares from Bashkortostan’s government
Edited by Rhod Mackenzie / 2016-01-12 05:29:52
Oil and Gas Refining Russia Petrochemicals PolymerUpdate Sibur Russia Oil and Gas Production and Refining
Sibur has completed the acquisition of 17.5% stake in the plant Polief from the government of Bashkortostan. The shares were purchased at the auction, held on December 22, 2015.
Organizer of the auction for the sale of 582.63 thousand ordinary shares of Polief was the Ministry of Land and Property Relations of Bashkortostan, which managed the republican stake in the company. Sibur, offered 500.11 million rubles for the shares, was declared the winner of the auction.
