# Solvay to sell its 50% stake in RusVinyl to Sibur

Belgian chemical company Solvay will sell its 50% stake in the RusVinyl joint venture to its partner Sibur for around €430 million, resulting in a capital loss of around €175 million. The transaction is expected to close in Q1 2023.

- Type: Acquisition
- Announced: 2023-03-06
- Where: Russia
- Value: $458.0M (430.0M EUR)
- Status: announced
- Products: polyvinyl chloride (PVC)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md)
- [SIBUR](https://endata.com/companies/2258.md) (acquirer)
- [RusVinyl](https://endata.com/companies/68937.md) (target)

## Sources

- [chemorbis.com](https://www.chemorbis.com/en/plastics-news/Belgium-s-Solvay-to-sell-its-50-stake-in-RusVinyl-/2023/03/06/865711), 2023-03-05: "The agreement is based on a purchase price of around €430 million."

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