Abu Dhabi based sovereign investor Mubadala Investment Company announced its largest investment in Russia, the acquisition of a 1.9% stake in Sibur, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in global petrochemicals. The acquisition terms were agreed prior to the recent merger with TAIF, which is bound to further enhance the company’s position in the polyolefins and rubbers markets, contribute to the pipeline of growth capex projects and unlock additional operational synergies.Founded in 1995, Sibur is the leader in the Russian petrochemicals industry, operating a balanced and integrated business model and servicing over 1,800 customers in 100 countries worldwide. The company is currently transitioning to an ESG-driven strategy and governance framework, which is expected to enable Sibur to develop into one of the most sustainable industry market participants.The transaction between Mubadala and Sibur builds on the established working relationship between the two companies. In 2015, Mubadala invested in Sibur’s transshipment terminal in Ust-Luga.
Abu Dhabi based sovereign investor Mubadala Investment Company announced its largest investment in Russia, the acquisition of a 1.9% stake in Sibur, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in global petrochemicals. The acquisition terms were agreed prior to the recent merger with TAIF, which is bound to further enhance the company’s position in the polyolefins and rubbers markets, contribute to the pipeline of growth capex projects and unlock additional operational synergies.Founded in 1995, Sibur is the leader in the Russian petrochemicals industry, operating a balanced and integrated business model and servicing over 1,800 customers in 100 countries worldwide. The company is currently transitioning to an ESG-driven strategy and governance framework, which is expected to enable Sibur to develop into one of the most sustainable industry market participants.The transaction between Mubadala and Sibur builds on the established working relationship between the two companies. In 2015, Mubadala invested in Sibur’s transshipment terminal in Ust-Luga.
