Eight companies or consortiums have presented bids for a block sale of a 51% stake in Turkish petrochemical firm Petkim. About 40% Petkim shares are already listed on the stock market and Ankara is now selling another 51% as part of a broad privatisation programme backed by its creditor, the International Monetary Fund.
The deal is estimated to be finalised within 7-10 days after the Monday deadline for bids. The bidders are listed as follows:
Socar & Turcas Enerji AS - Injaz OGG
TransCentral Asia Petrochemical Holding OGG
Zorlu Holding AS
Hokan Chemicals OGG
Firat Plastik, Kaucuk Sanayi ve Ticaret AS