Mikhelson: May launch an IPO for Sibur. Sibur announced last month that it had been notified by Miracle about the acquisition of a 50% stake in Sibur Holding, the parent of Sibur. A 25% stake was acquired on December" />
IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Russian Billionaire Buys 50% of Sibur, May Reach 100%

12:09 PM MST | January 7, 2011 | —natasha alperowicz

Gazprombank (Moscow) has agreed to sell a 50% stake in Sibur, Russia’s largest petrochemical producer, to Miracle, a company controlled by Leonid V. Mikhelson, CEO of Novatek (Moscow). Novatek is Russia’s largest independent gas producer and the country’s second-largest natural gas producer. Mikhelson: May launch an IPO for Sibur. Sibur announced last month that it had been notified by Miracle about the acquisition of a 50% stake in Sibur Holding, the parent of Sibur. A 25% stake was acquired on December...

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