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Oct 4, 2021ACQUISITIONRussia

Sibur and TAIF merge to create largest Russian petrochemical company

Russian petrochemical companies Sibur International and TAIF Group finalized a merger, with TAIF shareholders receiving a 15% stake in the combined company in exchange for 50% plus 1 share in JSC TAIF.

Status

Completed

Productspolyolefinsrubberisoprene rubberplastics

CompaniesTAIF target Sibur International acquirer

Sectors#Specialty Chemicals #Plastics and Polymers

“This combination of industry leaders represents a significant step in the evolution of the Russian petrochemical sector.”industryeurope.com

1 source
industryeurope.comRussia's Sibur and TAIF merge - Industry EuropeRomana MoaresOct 4, 2021

Summarized from public sources; check the original articles before acting on it.

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Sibur and TAIF merge to create largest Russian petrochemical company · Endata