Sector: Tires & Raw Rubber
Sibur Russian Tires could be sold to strategic investor or float a stake on Western stock exchange by year-end 2007
The media reported quoting Vice President of Sibur Dmitry Konov that Sibur Russian Tires could be either sold off to a strategic investor or its stake could be floated on a Western stock exchange by year-end 2007.
For the record, Sibur’s tire division includes Yaroslval Tire Plant, Voltire-Prom, Omskshina, Uralshina and JV consisting of Matador and Sibur Russian Tires – Matador-Omskshina. At present, Sibur is restructuring its assets and all the company’s plants are to be listed on the balance sheet of Sibur-Russian Tires by year-end 2005.
This news draws attention to the stocks of these companies. We expect to see significant improvements in the company’s financials as part of pre-sales preparation, in particular, its margins, as Yarshina, Voltire and Omskshina posted losses in their 2004 RAS financials. In addition, Sibur’s tire assets accounted for 40.9% of the Russian tire market in 2004, which could considerably drive up the investment appeal of Sibur Russian Tires stocks in the eyes of the company’s large international competitors.
Anastasia Sarapultseva
Other comments of the day
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Voltyre-Prom
Capitalization: $8 809 437,00
Common shares:
Price: $0,83
Delta week: 0,00%
Delta month: 0,00%
Delta year: -28,3%
Preferred shares:
Price: $1,03
Delta week: 0,00%
Delta month: 11,4%
Delta year: 7,9%
Omskshina
Capitalization: $17 707 884,48
Common shares:
Price: $17,52
Delta week: 0,00%
Delta month: -46,0%
Delta year: -38,0%
Yarshina
Capitalization: $20 257 008,47
Common shares:
Price: $2,01
Delta week: 0,00%
Delta month: -11,1%
Delta year: -64,5%
Preferred shares:
Price: $2,23
Delta week: 0,00%
Delta month: 0,00%
Delta year: -25,8%
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0.234
30.89
