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Sibur, Tatneft Plan Tire Deal

Petrochemicals firm Sibur Holding and oil producer Tatneft plan to merge their tire businesses, a combination that would control about two-thirds of the Russian market, Vedomosti reported Monday.

Both companies export about 20 percent of their production to countries including Cuba, Venezuela and Ecuador, said Vadim Gurinov, head of Sibur’s tire unit, the newspaper reported.

(Bloomberg)


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