Mubadala’s largest deal in the Russian petrochemical sector

Mubadala’s largest deal in the Russian petrochemical sector
Mubadala’s largest deal in the Russian petrochemical sector

Mubadala Investments, which manages a global portfolio of US$243 billion in assets, has announced its largest investment deal in Russia.

The Mubadala deal includes the acquisition of a 1.9% stake in Sibur; The largest integrated petrochemical company in Russia, and one of the fastest growing companies in the global petrochemical sector.

Founded in 1995, Sibur is a pioneer in the Russian petrochemical industry. The company operates a balanced and integrated business model and serves more than 1,800 customers in 100 countries around the world.

The company is currently adopting a transformational strategy and framework that takes into account environmental, social and corporate governance standards, and is expected to enable the company to develop into one of the most prominent contributors to achieving sustainability in this sector.

The terms of the acquisition deal were agreed between Mubadala and Sibur prior to Sibur’s recent merger with TAIF, which was necessary to enhance the company’s position in the polyolefin and rubber markets, grow its capital projects, and enable it to explore further opportunities for cooperation with other parties. .

On this occasion, Faris Suhail Al Mazrouei, Head of the Mubadala Investment Program in Russia and the CIS, said: “Mubadala and Sibur have enjoyed a well-established partnership since 2015, and we are pleased to become shareholders in this company today.

He added: Sibur’s track record in delivering large-scale and large-scale projects, in addition to creating value for its investors, is a testament to the company’s management excellence, and the recent merger with “TAIF” has significantly strengthened Sibur’s position as one of the largest global companies. It allowed them to take advantage of opportunities for cooperation and future development.

We have great confidence in Sibur’s ability to transform into a leader in low-carbon industries, creating lasting value for its investors.

This deal between Mubadala and Sibur is an extension of a long-standing partnership and cooperation relationship between the two parties. In 2015, Mubadala invested in the Sibur recharging station in Ost Luga.

It is noteworthy that Mubadala’s business portfolio, which amounts to 894 billion UAE dirhams (243.4 billion US dollars), is spread over 6 continents. The company invests in many sectors and in various asset classes, including a shareholding in Borealis; The world leader in the production of polyolefins, and in the company “Nova Chemicals”; It is a North American plastics and chemicals producer.

Mubadala is a long-term investor in the Russian economy, with an office in Moscow managed by a team of more than 22 people with experience and expertise in the field of investment in Russia. Since entering the Russian market in 2010, Mubadala has invested more than $3 billion and has built a business portfolio of nearly 50 investments in Russia in wide-ranging sectors such as infrastructure, real estate, commodities, banking, logistics and technology, allowing the company to generate attractive financial returns from behind. These investments.

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