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Date of final negotiations on Turkish Petkim share sale announced

Oil&Gas Materials 28 March 2012 10:36 (UTC +04:00)
The final negotiations on the sale of a 10.32 percent public stake in Turkish petrochemical complex Petkim will be held this week, on Friday, Reuters reported with the reference to the Turkey's Privatisation Board.
Date of final negotiations on Turkish Petkim share sale announced

Azerbaijan, Baku, March 28 / Trend /

The final negotiations on the sale of a 10.32 percent public stake in Turkish petrochemical complex Petkim will be held this week, on Friday, Reuters reported with the reference to the Turkey's Privatisation Board.

The SOCAR-Turcas joint venture has a 51 percent share in Turkish petrochemical complex. 38.67 percent is free float in Istanbul stock exchange.

Earlier SOCAR-Turcas Chief Executive Kenan Yavuz told Reuters that the State Oil Company of Azerbaijan (SOCAR) placed a bid with Turkey's Privatisation Board to buy a 10.32 percent stake in Petkim.

Edited by: A.Badalova

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