SIBUR reaches agreement on sale of "Novokuibyshevsk Petrochemical Company"

Moscow, 3 May 2011. SIBUR has officially reached an agreement on the sale of CJSC “Novokuibyshevsk Petrochemical Company” to investors, which represent the controlling group of the company “Samaraorgsintez”.

The latter company did not fit in the industrial structure of SIBUR due to the remoteness of the distant location of the company’s raw materials in West Siberia.

Despite the sale of this asset, SIBUR will continue to cooperate with enterprises in regards to a number of products according to market conditions within the scope of the company’s ongoing business activities.