Mikhelson files with regulators to acquire 50% in Sibur
MOSCOW. Feb 1 (Interfax) - Mirakl, a company controlled by NOVATEK founder Leonid Mikhelson, has filed with the Federal Antimonopoly Service (FAS) to raise its stake in Sibur to 50%.
"I actually acquired 50%, not 25%, it's just that there are conditional requirements: receipt of approval FAS to raise the stake to 50%," Mikhelson said in an interview with Interfax. "The documents are currently begin examined. The filing was made last year. I think clearance will be received soon," he said.
Once he consolidates 50%, Mikhelson will consider raising the stake to 100%.
"I already have a signed agreement with the previous owners, that provides for increasing the stake to 100% on comprehensible terms," he said.
Commenting on the value of the deal, Mikhelson said: "In determining the price of the deal, we proceeded from the announced valuation [Gazprombank values Sibur at 225 billion rubles excluding debt], taking into account the timeframe for the deal and Sibur's financial condition."
The company will have to be reorganized before an IPO can be conducted, he said. "There are assets, very small in volume, that we can try to sell [aside from the tire and mineral fertilizer business]. That will take some time. I hope not too much," he said.
As for potential acquisitions, Mikhelson said: "There are good companies engaged in petrochemicals and in future perhaps it would make sense to consider various forms of partnership."
Mirakl became the owner of 25% of shares in Sibur Holding on December 23.
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