Chinese investment fund buys 10% stake in Sibur

Beijing – Sibur have agreed to sell a 10% share of the company’s stakes to the Silk Road Fund, a Chinese investment fund, the Russian petrochemical company announced 14 Dec.

The Silk Road Fund makes outbound investment in infrastructure, energy, industrialisation and financial cooperation projects under China’s Belt and Road Initiative. The initiative, launched by the Chinese government, aims to increase the country’s investment across the world.

The agreement follows a deal in late 2015 between Sibur and China Petroleum & Chemical Corporation (Sinopec), in which the…

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