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Sibur Considers IPO in 2013

5:54 AM MDT | September 15, 2011 | Kerri Walsh

Petrochemical producer Sibur (Moscow) says it will launch an initial public offering (IPO) most likely in 2013, according to a Reuters report. Sibur did not provide a valuation, but says the IPO done by petrochemicals maker Petronas Chemical (Kuala Lumpur) in 2010 is a possible benchmark for comparison. Sibur is 50% owned by Russian investor Leonid V. Mikhelson, CEO of Novatek (Moscow). Novatek is Russia’s largest independent gas producer and the country’s second-largest natural gas producer. Sibur has been considering an IPO for several years, but...

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