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SIBUR Holding OAO Consolidates over 90% of Shares of TYRE Invest-AG ReDeal

Wednesday, 26 Dec 2012 07:00pm EST 

AG ReDeal reported that SIBUR Holding OAO, on December 26, 2012, has increased its stake in TYRE Invest from 0.0005% to 92.2914%. The basis for the increase in the share was the acquisition of a participation in the organization by signing a contract of sale of the shares. According to the SIBUR Holding OAO, it was an intra-group transaction, aimed at optimizing the structure of the Group SIBUR. Under the deal, shares of TYRE Invest were acquired from a subsidiary of SIBUR. OJSC TYRE Invest had been created to structure the Group's investments in the company SIBUR tire business. Recall that in September 2012, on the Extraordinary General Shareholders' Meeting of SiburTyumenGaz, controlled by SIBUR Holding, it was decided to reorganize OJSC SiburTyumenGaz in the form of accession to it OJSC Gubkin Gas Processing Plant, OJSC Yuzhno-Balyksky Gas Processing Plant and CJSC Noyabrskiy gas processing complex. 

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