Support The Moscow Times!

Sibur Changes Its Structure

Sibur Holding, currently an open joint stock company, will reorganize as a closed joint stock company, freeing it of the requirement to publish financial accounts and other material concerning operations, the company announced Monday.

Shareholders approved the necessary amendments to the company charter and other key documents at a meeting on Jan. 11.

It was reported earlier that a structure belonging to Novatek chief and co-owner Leonid Mikhelson acquired a 25 percent stake in Sibur on Dec. 23. Mikhelson ultimately plans to raise his stake in Sibur to 100 percent. 


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.