Sibur confirms CITCO purchase on the cards

摘要

GAZPROM-CONTROLLED Sibur Holdings has confirmed it is to acquire Austrian-registered fertilizer trader Citco, though the Russian chemical concern is yet to release further details. Sibur spokesman, Rashid Nureev, told FERTILIZER WEEK that Sibur has agreed to acquire CITCO from its owner-thought to be Russian businessman Gennady Timchenko-but the deal is dependent on approval from the European Commission.