Sibur to Raise Company Share Capital

Sibur Russian Tyres has given notice of its intention to raise share capital in the company to 6.5 billion roubles (£125.67 million). On August 30 the company registered stock valued at 2.186 billion roubles (£42.27 million) – 2,186,033,600 shares each valued at one rouble. The stock issue is intended to restructure debts incurred by the Sibur Group upon the formation of its tyre holding.