Source Pravda.Ru

Yukos Ready To Make Bid For Sibur's Assets

Russia's oil giant Yukos is ready to purchase a number of Sibur's petrochemical enterprises, the company's press service reported, commenting on a statement made by Yukos president Mikhail Khodorkovsky during his visit to Samara last week. Yukos is a creditor of Sibur, whose debt to this company has reached about $100m at present. Yukos has not made a formal bid to Sibur so far, but it's ready to come up with acquisition proposals if the petrochemical holding decides to sell its assets. Particularly, Yukos is interested in the Sibur-owned Novokuibyshev Petrochemical Company

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