Eight companies bid for Turkey's Petkim sale

26-Jun-07

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 Carmel-Limak OGG TransCentral Asia Petrochemical Holding OGG Zorlu Holding AS Hokan Chemicals OGG Calik-IOCL OGG Naksan-Torunlar-Toray-Kiler OGG Firat Plastik, Kaucuk Sanayi ve Ticaret AS