# 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.

- Type: Acquisition
- Announced: 2021-09-24
- Where: Russia
- Value: $26.8B
- Status: announced
- Products: petrochemicals, polyolefin, rubber
- 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/SIBURandTAIFfinalisetermsofmerger/), 2021-09-24: "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."
- [eog-asia.com](https://www.eog-asia.com/taif-sibur-merger-finalised-fifth-global-producer/), 2021-10-10: "Russian petrochemical firms Sibur and TAIF have entered into an agreement finalising the creation of a combined entity."
- [rubberjournalasia.com](https://rubberjournalasia.com/taif-sibur-merger-finalised-fifth-global-producer/), 2021-10-11: "Russian petrochemical firms Sibur and TAIF have entered into an agreement finalising the creation of a combined entity that will leverage the facilities of PJSC SIBUR Holding."

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