SIBUR Togliatti LLC is one of the largest petrochemical companies in Russia. The combined assets of JSC Togliattisintez and SIBUR Togliatti LLC include facilities for the production of various types of synthetic rubber used to manufacture high-quality tyres. As a result of this deal, PJSC Tatneft has acquired the assets necessary to further develop and increase the value of its tyre division (Kama Tyres), and is making an important contribution to the implementation of PJSC Tatneft’s strategy aimed at the expansion of the company’s petrochemical business. SIBUR, in turn, will continue cooperating with the enterprises in Togliatti as a partner but will be focussing on the development of production facilities for the manufacturing of basic polymers.
Oleg Isaev, a partner of RGP’s Corporate Practice, led the advisory team with associate Marina Abazyan and junior associates Danil Karimov and Nikolay Kuzmin working on the project.
“This is a very important transaction for PJSC Tatneft and we are delighted that we have been able to make our contribution thereto. We hope that this acquisition will promote further successful development of the client’s business,” commented Oleg Isaev, a partner in RGP’s Corporate Practice.
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