MOSCOW, Oct 20 (Reuters) – China’s petrochemical corporation Sinopec will take a 10 percent stake in Sibur, Russia’s top petrochemical company, Leonid Mikhelson, the latter’s co-owner, was quoted as saying by the TASS news agency on Tuesday. Sibur and Sinopec last month agreed that the Chinese company would become a Sibur shareholder.
The deal, signed in Beijing during Russian President Vladimir Putin’s visit, is expected to be completed by Dec.1 2015.
(Reporting by Katya Golubkova; Editing by Andrew Osborn)
