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Debevoise Advises Titan on Poliom Joint Venture

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Debevoise & Plimpton has advised Titan Group on the establishment of Poliom, a joint venture based on the Omsk Polypropylene Plant.

As part of the deal, Sibgazpolimer, a joint venture between SIBUR and Gazprom Neft, acquired a 50% stake in Poliom from Titan Group. The price of the acquisition was not disclosed.

Under the agreement, Gazprom Neft is to supply Poliom with raw materials (propane-propylene fraction from the Omsk Refinery), and SIBUR will sell Poliom’s products through its distribution network.

Titan Group is the largest petrochemical company in Siberia, and owns a portfolio of petrochemical, agricultural, and infrastructure facilities.

The Debevoise team was led by Moscow Managing Partner Dmitry Nikiforov and Senior Associate Natalia Putilina. The team also included Moscow-based Associates Nik Kutnaks, Anna Martyushova, Mikhail Movshovich, and Svetlana Panfilova, as well as London-based Associate Vadim Ardatovsky.

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