SIBUR Holding’s Consolidation of Petrochemical Business with TAIF Group

White & Case LLP has advised SIBUR Holding on the deal.

SIBUR Holding, Russia’s leading petrochemicals company and one of the fastest-growing companies in the global petrochemicals industry, consolidated its petrochemical business with TAIF Group, which controls most of the chemical, petrochemical and oil and gas processing industries in the Republic of Tatarstan, Russia.

The consolidated company is set to become one of the top five world leaders in polyolefin and rubber production. The parties’ global footprints required an extensive antitrust analysis and a complex set of filings in multiple jurisdictions. In consideration for 100 percent of shares in TAIF, its shareholders receive, among other things, a 15 percent stake in SIBUR and SIBUR’s newly issued bonds. 

The White & Case team that advised on the transaction was led by partners Nikolay Feoktistov (Picture – Moscow) and Axel Schulz (Brussels & Düsseldorf), and included local partners Ekaterina Logvinova and Dmitry Lapshin (both Moscow), counsel Adam Smith and Pavel Boulatov (both Moscow), associates Evgeny Chernyavsky, Tigran Saakyan (both Moscow), Tommaso Poli, Marika Harjula, Aron Senoner and Marios Gavriiloglou (all Brussels), international trade analyst Georgi Ropanov (Brussels) and competition adviser Sezin Elcin-Cengiz (Istanbul).

Involved fees earner: Pavel Boulatov – White & Case; Evgeny Chernyavsky – White & Case; Nikolay Feoktistov – White & Case; Marika Harjula – White & Case; Dmitry Lapshin – White & Case; Ekaterina Logvinova – White & Case; Tommaso Poli – White & Case; Tigran Saakyan – White & Case; Axel Schulz – White & Case; Aron Senoner – White & Case; Adam Smith – White & Case;

Law Firms: White & Case;

Clients: SIBUR Holding;

Author: Giulia Di Palma