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

08:30 AM | January 10, 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...