Sibur IPO talk premature, says CFO

Mikhelson_Sibur_230x150
By Sam Kerr
09 Aug 2018

Russian petrochemicals company Sibur is not close to making a decision on whether to go public, despite media reports in the last fortnight to the contrary, its CFO told GlobalCapital.

Sibur, Russia’s largest petrochemicals firm, reported strong 2018 half-year results on Tuesday, boosting revenue year on year by 21.6% to Rb257.7bn (€3.45bn) and Ebitda by 18.7% to Rb89bn (€1.2bn). 

Revenue from sales in the company’s Olefins & Polyolefins segment increased by 13% year on year, and is expected ...

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