SIBUR and TAIF finalise merger to create largest petrochemical company in Russia

SIBUR and TAIF entered into an agreement to create a combined entity, with TAIF shareholders receiving a 15% stake in the new company in exchange for 50% plus 1 share in JSC TAIF. The deal will consolidate 100% of TAIF Group's shares, creating the largest petrochemical company in Russia.

“SIBUR and TAIF have entered into an agreement finalising the creation of a combined entity that will leverage the facilities of PJSC SIBUR Holding and create the largest petrochemical company in Russia and one of the biggest in the world.”sibur.ru

• 3 sources
• sibur.ruSIBUR and TAIF finalise terms of mergerSep 24, 2021
• eog-asia.comEOG Asia | News Gateway for Asia's Energy, Oil & Gas Sectorseogasiac_userOct 10, 2021
• rubberjournalasia.comTAIF, Sibur merger finalised; fifth global producer – Rubber Journal AsiaadminOct 11, 2021

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