Nizhnekamskneftekhim plans to merge subsidiary Polymer-NKNH
MOSCOW. July 27 (Interfax) - The board of OJSC Nizhnekamskneftekhim has decided to call an extraordinary shareholders meeting with the aim of merging LLC Polymer-NKNH to the company, the company reported.
The date of the shareholder meeting has not been disclosed.
The board approved its business plan for 2012-2013 and also confirmed the composition of its profile committees: audit and human resources and payments.
LLC Polymer-NKNH is a subsidiary of Nizhnekamskneftekhim that produces polyethylene film and mechanical rubber goods.
OJSC Nizhnekamskneftekhim is one of the largest producers of synthetic rubbers in the world and plastics in Russia. The company has reported that OJSC Svyazinvestneftekhim owns 28.6% of common shares (25.2% of charter capital), LLC Telecom-Management (a subsidiary of OJSC TAIF) - 50.6% (44.5%) and NKB Investments Ltd - 8.8% (7.7%).
