Announced
Financials
Tags
Acquisition
Domestic
Russian Federation
Majority
Specialty Chemicals
Private
Pending
Single Bidder
Friendly
polyethylene terephthalate
Synopsis
Tatneft, a Russian vertically integrated oil and gas company, agreed to acquire EkoPet, Russia's largest polyethylene terephthalate producer, for $89m. The acquisition of EkoPet will allow the most efficient implementation of the company's plans for the development of the petrochemical business and will contribute to the accomplishment of the Tatneft Group's goals to reduce greenhouse gas emissions along the entire value chain.
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