NOVATEK has completed a deal to sell 100 percent of NOVATEK-Polymer to SIBUR Holding, the company reported in a news release. NOVATEK turned over 32 percent of its stake in NOVATEK-Polymer on September 2, when the deal was made, while the other 68 percent was transferred after the Federal Antimonopoly Service (FAS) gave its approval for the transaction.
Company executives report that this deal is part of the company's strategy to concentrate on its main business of gas and gas condensate production and refining.
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