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SIBUR to obtain "Amtel" group

June 11/2010

MOSCOW (SIBUR) -- SIBUR and a group of lenders, whose interests are represented by A1 (investment division of "Alfa-Group"), reached agreements on the further development of "Amtel" tire holding.

 

The group of lenders represented by A1 shall assign its rights of demand with regard to "Amtel" Groups companies to SIBUR. SIBUR shall become the principal lender of the "Amtel" Group and such capacity start to participate more actively in optimization of financial and economic position of "Amtel" companies.

 

As the parties believe, these agreements perfectly meet the objectives of "Amtel" lenders, who want to prevent from division of the companies property complex and to active growth of the Group. The deal is to be closed before the end of June 2010.

 

mrcplast.com

SIBUR to obtain "Amtel" group

MRC Reference

Sibur Holding is the largest Russian petrochemical group.

Shareholders:
 Gazprombank (70% minus 1 share);
 Gazfond (25% plus 1 share);
 5% reserved for option program.


 

 

 

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