Friday, November 23, 2007

Turkey will start handing over petrochemical firm Petkim

Turkey will start to hand over petrochemical firm Petkim to the winners of a sale tender, upon approval of the sale by the High Board of Privatisation. The Competition Board has already approved the sale of the 51% stake to the second highest bidder in a July tender - a consortium of Azeri energy firm Socar, Saudi-based Injaz Projects and Turkey's Turcas with a US$2.04 bln bid.

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