# 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.

- Type: Acquisition
- Announced: 2021-04-23
- Where: Russia, Russia
- Status: announced
- Products: polyolefins, rubber products, petrochemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SIBUR](https://endata.com/companies/2258.md) (acquirer)
- [TAIF](https://endata.com/companies/25005.md) (target)

## Sources

- [sibur.ru](https://www.sibur.ru/en/press-center/news-and-press/SIBURandTAIFmergetheirpetrochemicalbusinesses/), 2021-04-23: "SIBUR and TAIF have initiated a number of steps to combine their petrochemical businesses."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.