Russia's Federal Antimonopoly Service accepted the OJSC SIBUR Holding's notice of acquisition of 92.2909% of the voting shares in OJSC TIRE Invest, the regulatory body informed.
This notice is officially accepted.
The core business of OJSC TIRE Invest is capital investment in securities.
SIBUR Holding (tax number: 7727547261) is the largest Russian manufacturer of petrochemical goods, in particular, rubbers, tires, polymers and liquefied gases. In 2011, SIBUR processed more than 18 billion cubic meters of associated gas. The sole shareholder of SIBUR Holding is SIBUR Ltd. (Cyprus). The beneficiaries of SIBUR Ltd as of October 27, 2011 were: Leonid Mikhelson (57.5%), Gennady Timchenko (37.5%), and the management of SIBUR Holding (5%).
Net profit (IFRS) of OJSC SIBUR Holding for H1 2012 decreased by 8.7% to RUB 29.662 billion from RUB 32.499 billion for H1 2011. Revenue increased by 12.6% to RUB 136.926 billion from RUB 121.586 billion, EBITDA shrank by 5.1% to RUB 42.562 billion from RUB 44.836 billion.