Sibur board to discuss Sibur-Fertilizers sale on Dec 22
MOSCOW. Dec 19 (Interfax) - The board of the Sibur Holding will discuss a deal to sell Sibur-Fertilizers and implementation of a strategy to pull out of the tire business on December 22.
The agenda for the meeting also includes approval of the 2012 business plan and investment program as well as the acquisition of new shares, Sibur said in a press release.
Earlier the Federal Antimonopoly Service gave two companies permission to buy Sibur-Fertilizers - Agroprodmir and Siberian Business Union. The companies were given various instructions.
Sources on the market told Interfax that Metafrax , Dmitry Mazepin structures and Sibur group management were after Perm-based Mineral Fertilizers , which is part of Sibur-Fertilizers.
It was reported earlier that Sibur had transferred the Kirov Tire Plant to the Pirelli and Russian Technologies joint venture and that it plans to also transfer the Voronezh Tire Plant to the joint venture. Sources on the market said the rest of Sibur-Russia Tires assets may be purchased by the tire company's management.