Russian Private Equity Fund, Gazprombank and foreign investors to invest over $700 million into Sibur’s terminal in Ust-Luga

A consortium of investors, which includes Russian Private Equity Fund, a group of foreign investors and Gazprombank, has coordinated conditions for investment into the terminal of the Russian petrochemical holding company Sibur for the transshipment of liquefied petroleum gas (LPG) and light oil products in the sea port of Ust-Luga. As the press centre of the Russian Private Equity Fund, the transaction value will be more than $700 million.

"As a result of the deal, the consortium will receive full control over the terminal for the transshipment of liquefied petroleum gas - the largest terminal in the CIS countries and the first in the North- West of Russia, one of the most modern facilities of the port and terminal infrastructure in the Baltic Sea. The investments of the consortium will optimize the capital structure of the terminal and continue to increase its capacity for transshipment of LPG and a wider range of light oil products,"- the report says.

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