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The President signed an Order On a Special Decision on a Transaction by SIBUR Holding PJSC.
According to the order, pursuant to paragraph 5 of Presidential Executive Order No. 520 On the Application of Special Economic Measures in the Financial, and Fuel and Energy Sectors in Connection with the Unfriendly Actions by Some Foreign States and International Organisations, dated August 5, 2022, and Presidential Instruction No. Pr-52, dated January 12, 2023, the public joint-stock company SIBUR Holding is allowed to carry out a transaction for the acquisition of 50 percent of the shares in the authorised capital of RusVinyl LLC, owned by Solvin Holding Nederland B.V.
The transaction specified in this order does not require other permits, decisions, consent (prior consent), approvals (prior approvals) and other authorisation documents (authorisation) stipulated by the legislation of the Russian Federation.
February 6, 2023