25 Jan 2011 18:11

SIBUR Holding transformed from open joint-stock company to closed firm

MOSCOW. Jan 25 (Interfax) - Interregional IFNS of Russia N15 for St. Petersburg has registered amendments to SIBUR's founding documents, the company said.

According to the documents, effective January 24, SIBUR Holding was transformed from an open joint-stock holding company to a closed joint-stock company.

LLC Sibur is continuing to carry out the management of companies in CJSC SIBUR Holding.

SIBUR e said that is no longer a public firm. In this regard, a decision was made to adduce the form of incorporation, which will help the company simplify methods of financial reporting and corporate oversight.