Tatneft to Buy EkoPet for $89.2 Million
June 09 2021 - 10:15AM
Dow Jones News
By Adria Calatayud
Tatneft PJSC said Wednesday that it has won a tender for the
sale of Russia's EkoPet, with a bid for 6.45 billion Russian rubles
($89.2 million).
Tatneft, a Russian oil-and-gas company, said EkoPet is the
largest producer and supplier of polyethylene terephthalate, or
PET, in Russia and will help it to implement plans for the
development of its petrochemical business and will contribute to
the accomplishment of its goals to reduce greenhouse gas
emissions.
The acquisition is subject to legal documentation which is
expected to be completed in the next few weeks, Tatneft said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 09, 2021 10:07 ET (14:07 GMT)
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