# 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.

- Type: Acquisition
- Announced: 2021-10-04
- Where: Russia
- Status: completed
- Products: polyolefins, rubber, isoprene rubber, plastics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [TAIF](https://endata.com/companies/25005.md) (target)
- [Sibur International](https://endata.com/companies/58135.md) (acquirer)

## Sources

- [industryeurope.com](https://industryeurope.com/sectors/chemicals-biochemicals/russias-sibur-and-taif-merge/), 2021-10-04: "This combination of industry leaders represents a significant step in the evolution of the Russian petrochemical sector."

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