Russia’s Sibur co-owner: ‘Now is now not the worst time' for IPO

FILE PHOTO: Chairman of the Administration Board of Novatek Leonid Mikhelson leaves after a gathering of Russian Vitality Minister Alexander Novak with nation's oil companies in Moscow, Russia March 12, 2020. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - Russia’s Sibur co-owner Leonid Mikhelson acknowledged on Tuesday that “now would possibly perhaps per chance be now not the worst time” to habits an initial public offering of the petrochemical company, RIA news agency reported.

Mikhelson, who's furthermore chief executive and a famous shareholder in gasoline producer Novatek, acknowledged that the gasoline company plans to defend or a diminutive bit lengthen gasoline manufacturing in 2021, RIA reported.

Reporting by Olesya Astakhova; writing by Katya Golubkova; editing by Jason Neely

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