Private Equity Russia

Petrochemical group OJSC SIBUR Holdings and Russian private equity and venture capital fund Leader-Innovations have announced a $30 million joint investment into the creation of new company OOO Plastic Geosynthetics in Tulskaya Oblast.  Sibur will own 66.67% of the new entity and Leader Innovations 33.33%.  The groups have invested 600 million rubles and 300 million rubles respectively. ($20 million and $10 million in dollar terms.)

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