SRF and CDB Capital might become new investors of Sibur
The buyers of the additional 10% of Sibur’s shares might become not only Sinopec, that has already purchased 10% of shares, but the Silk Road Fund and CDB Capital, is said in the protocol of the Russia-China intergovernmental committee.
The parties greet the closing of the deal on the purchase of 10% of Sibur by Sinopec as a strategic investor. The parties support Sibur and Sinopec in the discussion of cooperation by the project of the Amur gas chemicals complex.
Russia says that in conformity with the request of China, the Government Committee of Russia for foreign investment approved the purchase of up to 20% of Sibur PJSC and the Russian party will greet the interest of the Chinese financial and strategic investors, such as the Silk Road Fund, CDB Capital, Sinopec in the purchase of additional 10% of Sibur’s shares, is reported.
In 2015 the Russian companies signed a number of large deals with China. The consortium of private Chinese investment funds purchased 13.3% of shares of the Bystrinsky project of Norilsk Nickel.