Friday, December 28, 2007

Turkish Court suspends sale of Petkim

The sale of a 51% stake in Turkey's largest petrochemicals company Petkim to a consortium consisting of Turcas, Socar and Injaz, has been suspended by Turkey's top administrative court. Interestingly, the Court has mentioned that the sale would be allowed to proceed if Turkey's privatisation board clears the transfer of shares.

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