Sibur to Float on Stock Exchange

Sibur, may float its tyre business or sell a part of it to a strategic partner before 2008, analysts have suggested. Analysts from several brokerages, including Aton and UFG, quoted Sibur senior vice president Dmitry Konov as telling them the plan was part of a broader restructuring programme for the company. He said the tyre business would be kept separate through its Sibur Russian Tires holding, which will hold stakes in the four tyre plants — Yarshina, Omskshina, Voltire and Uralshina.