Thursday, November 15, 2007

Second highest bidder awarded tender for privatization of Petkim

Turkey's Competition Board has approved the sale of state-run petrochemicals company Petkim to the second highest bidder in a July tender. A consortium of the Azerbaijani oil company Socar, Turkey's Turcas and Saudi-based Injaz Projects had made the second highest bid of US$2.04 bln (€1.39 bln) for a 51% stake in the company. The Competition Board's decision is subject to approval by the Privatization Board for the takeover to be finalized.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=11198&P=P

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