Eight make it to final Petkim round

Bains, Elizabeth
July 2007
ICIS Chemical Business;7/2/2007, Vol. 2 Issue 73, p25
Trade Publication
The article reports that the Turkish Privatisation Authority has received eight final bids from companies and consortia interested in acquiring a controlling stake in petrochemicals major Petkim. .The deadline for submission of bids expired on 25 June. The block sale of 51% of shares in Petkim is expected to be concluded within seven to 10 days of that date. The bidders include the Carmel-Limak consortium, TransCentralAsia Petrochemical Holding, Zorlu Holding, and Hokan Chemicals.


Related Articles

  • An Elementary Introduction to Auctions. Rothkopf, Michael H.; Sunju Park // Interfaces;Nov/Dec2001, Vol. 31 Issue 6, p83 

    An auction designer faces many questions. Among the questions are what precisely is to be sold, who may bid, will there be multiple rounds of bidding, what kinds of payments will be made and which are biddable, how will the bids be compared, how will it be decided if a transaction occurs, how...

  • The Impact of Capacity Costs on Bidding Strategies in Procurement Auctions. Budde, Jörg; Göx, Robert F. // Review of Accounting Studies;Mar1999, Vol. 4 Issue 1, p5 

    This paper analyzes the impact of capacity costs on bidding strategies of firms participating in procurement auctions. More efficient firms will invest in advance due to their high probability of winning the auction while less efficient bidders prefer to wait with their investments until the...

  • Strategic Jump Bidding in English Auctions. Avery, Christopher // Review of Economic Studies;Apr98, Vol. 65 Issue 2, p185 

    This paper solves for equilibria of sequential bid (or English) auctions with affiliated values when jump bidding strategies may be employed to intimidate one's opponents. In these equilibria, jump bids serve as correlating devices which select asymmetric bidding functions to be played...

  • Optimal auctions and information disclosure. Gershkov, Alex // Review of Economic Design;Dec2009, Vol. 13 Issue 4, p335 

    We characterise properties of optimal auctions if the seller may disclose information about the quality of the object for sale. We show that the seller maximizes his expected revenue by revelation of all information to all bidders and implementing a second price auction with appropriate...

  • HOW TO UNTANGLE TIED BIDS. Drewe, Nick // Supply Management;Nov2014, Vol. 19 Issue 11, p36 

    The article focuses on ways to resolve issues when there are ties among bidders particularly in a most economically advantageous tender (MEAT). It discusses the use of evaluation model and the disclosure to bidders as a means to break the ties. It cites the use of electronic auctions as featured...

  • New law clears way for Petkim sale. Wiesmann, Gerrit // Chemical Week;12/14/1994, Vol. 155 Issue 23, p17 

    Reports that the privatization of Turkey's state-owned petrochemical manufacturer, Petkim, is expected to start within the next six months with the sale of production units at the company's Yarimca site. Two options for the second stage of privatization.

  • Tahari Bid for Barneys Said in $400M Ballpark. Young, Vicki M. // WWD: Women's Wear Daily;11/1/2004, Vol. 188 Issue 93, p19 

    Reports on the submission by fashion designer Elie Tahari of his bid for the acquisition of Barneys New York in November 2004. Amount of the bid; Clothing and financial investment firms that submitted their bids for the acquisition.

  • The Impact of Online Auction Duration. Haruvy, Ernan; Leszczyc, Peter T. L. Popkowski // Decision Analysis;Mar2010, Vol. 7 Issue 1, p99 

    One view regarding auction duration suggests that longer auctions would result in more bidders and more bids, which in turn would result in higher prices. An opposing view is that shorter auctions might appeal to impatient bidders, or alternatively, that shorter duration might lead to more...

  • Thirteen Reasons Why the Vickrey-Clarke-Groves Process Is Not Practical. Rothkopf, Michael H. // Operations Research;Mar/Apr2007, Vol. 55 Issue 2, p191 

    In theory, the mathematically elegant Vickrey-Clarke-Groves process offers perfect efficiency with dominant truth-revealing strategies. However, it has many serious practical problems. This paper describes these problems and argues that research that aims to maintain the dominant truth-revealing...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics