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Russia’s Sibur gains 100% control over Bashkortostan’s POLIEF

by ChemOrbis Editorial Team -
  • 29/12/2015 (16:04)
According to a press release on the company’s website, Russia’s Sibur has gained 100% control over Republic of Bashkortostan PET producer AO POLIEF through the acquisition of a 17.5% stake previously held by the government of the Republic of Bashkortostan on December 22. The acquisition value was reported at RUB500.11 million ($6.9 million).

This was reportedly Sibur’s last step to consolidate 100% control of POLIEF’s capital.
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