FAS and Government Committee approved the sale of terminal of SIBUR in Ust-Luga
Edited by Rhod Mackenzie / 2015-08-10 06:17:16
FAS and the Government Committee for control over foreign investment has approved the sale of th terminal of SIBUR in Ust-Luga to a group of investors. It is said in a statement of FAS.
In particular, Thirty Seventh Investment Company (the United Arab Emirates) and Baltic Sea Transhipment Pte.Ltd (Singapore) are the purchasers of the terminal in Ust-Luga.
Earlier this year, the deal on the selling of the terminal in Ust-Luga was agreed by SIBUR with a consortium of investors, which included the Russian Fund of Direct Investments, Gazprombank and foreign investors. Then it was reported that the deal value exceeds $700 million.
