SIBUR and TAIF to merge petrochemical businesses

SIBUR and TAIF have initiated steps to combine their petrochemical businesses. TAIF shareholders will receive a 15% stake in SIBUR in exchange for a controlling interest in TAIF's petrochemical and energy companies, creating one of the world's top 5 polyolefin and rubber producers.

“SIBUR and TAIF have initiated a number of steps to combine their petrochemical businesses.”sibur.ru

• 1 source
• sibur.ruSIBUR and TAIF to merge their petrochemical businessesApr 23, 2021

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