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SIBUR compromises with former Biaksplen owner

July 08/2010

MOSCOW (SIBUR) SIBUR nonjudicially solved difficulties with former owner of Biaksplen Group Vladimir Borodavkin. Companys claims were about the value of 50% stake of Biaksplen that had been purchased by SIBUR before.

The company is satisfied with achieved compromise regarding the decrease of deal value. Both sides do not have complaints to each other.

SIBUR finds compromise with former Biaksplen owner

MRC Reference

Sibur Holding is the largest Russian petrochemical group.

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

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