Sinopec to buy up to 20% in Russian petrochemical company

15-Dec-15
China Petrochemical Corporation (Sinopec Group) plans to buy up to 20% in Sibur, Russia's top petrochemical company, Igor Artemyev, head of Russian antimonopoly watchdog, has been reported by Reuters. For the first 10%, Sinopec will pay US$1.338 bln, while it would acquire another 10% within next three years.
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200 ton Van Dorn high speed injection molding machine