Russian Polymers buys 14.5% of PET producer Polief from VTB
MOSCOW. June 22 (Interfax) - LLC Russian Polymers has bought 14.5% of PET producer Polief from VTB , a Russian Polymers source told Interfax.
"We bought 14.5% of Polief from VTB. The bank also transferred right of claims to 5.9 billion rubles against Polief to us," the source said.
VTB said it had sold its 32.5% of Polief. It is unclear who has bought the other 18%. The Sistema holding told Interfax that it had not bought any of the shares.
Reports have said SIBUR might buy the shares. SIBUR and Lukoil-Neftekhim set Russian Polymers up to buy Polief. Russian Polymers bought 50% plus one share in the PET producer for 2.085 billion rubles in 2007.
Lukoil sold its stake of just under 50% in Russian Polymers to financial investors thought to be acting on Sibur's behalf in the summer of 2010.