Timchenko sells Sibur stake to Shamalova junior

Timchenko sells Sibur stake: Gennady Timchenko has sold a 17% stake in the Sibur petrochemical company to Cyril Shamalova the company’s Deputy Chairman and son of  President Vladimir Putin’s long-time friend Nicholas Shamalova. Shamalova junior now owns 21.3% of the company, while Timchenko’s shareholding now stands at 15.3%. rbc