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China’s Sinopec to buy 20% stake in Russia's Sibur

by ChemOrbis Editorial Team -
  • 14/12/2015 (12:07)
According to media reports, China Sinopec will acquire a stake of around 20% in Russia’s Sibur. The acquisition reportedly will be realized in two stages.

For the first 10% stake, Sinopec will pay $1.338 billion while the sale of the remaining 10% stake will be completed within the next three years.
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