Bidding begins for Petkim

Gibson, Jane
May 2007
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p9
Trade Publication
The article reports on the pre-qualifying bids submitted by Indian Oil Corp. and Turkey's Calik group for a stake in Petkim. The Turkish Privatisation Administration invited bids for 51% of Petkim's shares in March 2007. The deadline for applications was on May 14, 2007 and the bidding closes on June 15, 2007. Potential investors must have total assets of at least $200 million and equity of $150 million. A total of 19 prequalifying bids were submitted.


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