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November 3, 2015

King & Spalding Advises SIBUR Holding on the Sale of a Marine Terminal in Ust-Luga

NEW YORK, Nov. 3, 2015 — King & Spalding advised SIBUR Holding, Russia’s largest integrated gas processing and petrochemicals company, on the sale of its stake in a Russian liquefied petroleum gas (LPG) and light oil products transshipment terminal to a consortium comprising the Russian Direct Investment Fund (RDIF), Gazprombank and leading international investors.  The terminal, owned by petrochemical company SIBUR, transships liquefied petroleum gas (LPG) and light oil products. The consortium has acquired 100% of the terminal, one of the most advanced port infrastructure facilities on the Baltic Sea.

King & Spalding partner Jennifer Josefson in Moscow led the team that worked on the project for over a year and a half.  The team also includes Moscow-based associates Xenia Melkova, Alexandra Rotar, and Ivan Davydov.  Additional assistance were provided by Singapore senior associates Ji Nin Loh, Sylvia Taslim and David Phua.

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