Government set to sell out stake in Petkim by March

Government set to sell out stake in Petkim by March

ANKARA - Anatolia News Agency

This photo shows the Petkim facility in the Aegean town of Aliağa near İzmir.

Turkey has set a 4 p.m. deadline on March 20 for final bids to buy the state’s 10.3 percent stake in local chemicals producer Petkim Petrokimya Holding, according to an announcement in the Official Gazette.
According to the tender specifications, bids will be received by closed envelope, and bidders will be required to provide a $3 million temporary down payment.

In addition, bidders will have to pay $15,000 for the tender specifications and information document.
Private investment funds can only participate as part of a joint venture.

The State Oil Company of Azerbaijan (Socar) has announced that it will bid for the 10 percent stake.
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