Thursday, November 18, 2010

TAIF plans to sell stake in refineries and chemical plants to fund US$11 bln of investments

TAIF, an investment group based in Russia's Tatarstan region, is to decide on plan to sell shares in its refineries and chemical plants to help fund 347 billion rubles (US$11 bln) of investments. The group is considering selling equity in the TAIF-NK oil refinery and petrochemicals units OAO Nizhnekamskneftekhim and OAO Kazanorgsintez to fund the investment plan through 2016.

For more details on TAIF plans to sell stake in refineries and chemical plants to fund US$11 bln of investments click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: