100% stake in Novatek-Polymer sold to SIBUR Holding

30-Sep-10
NOVATEK has completed a deal to sell 100% of NOVATEK-Polymer to SIBUR Holding, the company reported in a news release. 32% of its stake in NOVATEK-Polymer was handed over on September 2, when the deal was made, while the balance 68% was transferred after the Federal Antimonopoly Service (FAS) approval for the transaction. This deal is part of the company's strategy to concentrate on its main business of gas and gas condensate production and refining.
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