Mubadala Acquires Stake in SIBUR

Cleary Gottlieb represented Mubadala, a sovereign wealth fund of Abu Dhabi, in its acquisition of a 1.9% stake in PJSC SIBUR Holding (SIBUR), Russia’s largest integrated petrochemicals company and one of the world’s fastest-growing.

As Mubadala has announced, this transaction marks its single largest investment in Russia. The transaction was announced on December 8, 2021.

Mubadala is a strategic long-term investor in the Russian economy. Since entering the Russian market in 2010, Mubadala has deployed over $3 billion, building up a portfolio of about 50 investments in a wide range of sectors, including infrastructure, real estate, commodities, banking, logistics, and technology.

Founded in 1995, SIBUR is the leader in the Russian petrochemicals industry with a unique vertically integrated business model that enables it to deliver highly competitive products used in the consumer goods and automotive industries, as well as construction, energy, chemistry, and other industries across 100 countries.