The head of FAS Russia Igor Artemiev announced that the agenda is ready and the meeting of the government Commission may take in the coming month.
SIBUR’s management expects that the transaction will be closed before December 1, 2015.
NOVO-Ogaryovo, 19 Oct. The government Commission on foreign investments may within one month to consider a deal to participate in China’s Sinopec, SIBUR, said the head of FAS Russia Igor Artemyev.
“57 the law, so the legal Commission, I think it will get there. The agenda is Packed. The Prime Minister appoints a Commission meeting,” said Artemyev to journalists, answering the question about the consideration of the transaction Sinopec and SIBUR.
“Maybe in a month, Yes,” said Artemyev, when asked whether the meeting to pass within the next month.
Officially joining Sinopec in the share capital of SIBUR as a strategic investor was announced in early September 2015. The Federal Antimonopoly service has received a petition Sinopec. In Ciboure expect that the transaction will be closed before December 1, 2015, subject to obtaining all necessary consents and corporate approvals. The parties discussed the possibility of sales of shares since the middle of 2013, in parallel with other projects.
As reported by energy Minister Alexander Novak, under the agreement, Sinopec will purchase about 10% of SIBUR. Officially, the parties to the transaction, this information is not commented.
SIBUR did not rule out a small issue for the entry of Sinopec into its Charter capital, said the representative of the company in September. Shareholders of SIBUR’s plan to use proceeds from Sinopec, to repay loans that they are attracted to buy SIBUR.
