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Russia to consider Chinese SRF’s purchase bid for SIBUR shares

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Russia to consider Chinese SRF’s purchase bid for SIBUR shares

Russian Governmental Commission on Foreign Investments will consider a bid submitted by Chinese Silk Road Fund, SRF, for the purchase of shares of PJSC SIBUR Holding, a Russian gas processing and petrochemicals company.


This statement was made by Russian Prime Minister, Dmitry Medvedev, at the Commission’s session on Wednesday.

“Today we have a number of bidding applications, including that from a Chinese company, Silk Road Fund, which would like to acquire SIBUR’s shares,” Mr. Medvedev announced.

The Prime Minister noted that, apart from that issue, “there are some other questions on the agenda.” “We are still interested in broadening cooperation with those, who is ready to create and develop projects in our country. We highly appreciate that a mutual interest (on the part of foreign investors’ – editor’s note) remains and to some extent it has strengthened,” said Dmitry Medvedev.

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