One Equity, Turkish pension fund vie for

One Equity, Turkish pension fund vie for

ISTANBUL - Reuters
One Equity Partners, the main private equity arm of JPMorgan, and Turkish army pension fund Oyak are vying to buy a stake in Turkish chemicals maker Akdeniz Kimya, sources close to the matter told Reuters.

Akdeniz Kimya, based in the Aegean coastal city of Izmir, produces speciality chemicals and is valued at more than $300 million. It was not clear how large a stake is up for sale.

Two of the sources said a deal would be signed this year.

Citigroup has been mandated to handle the sale, the sources said.

Officials from One Equity Partners and Akdeniz Kimya were not immediately available to comment. Oyak declined to comment.

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Türkiye will continue on path to energy independence, Erdoğan vows

Türkiye will continue on path to energy independence, Erdoğan vows
LATEST NEWS

  1. Türkiye will continue on path to energy independence, Erdoğan vows

    Türkiye will continue on path to energy independence, Erdoğan vows

  2. COP29 draft deal proposes rich nations give $250 bln in climate finance

    COP29 draft deal proposes rich nations give $250 bln in climate finance

  3. MPs pass reforms on internal security

    MPs pass reforms on internal security

  4. Romania set to hold presidential election

    Romania set to hold presidential election

  5. Israel to end 'administrative detention' for West Bank settlers

    Israel to end 'administrative detention' for West Bank settlers
Recommended
Over 47 million foreign tourists visit Türkiye in 10 months

Over 47 million foreign tourists visit Türkiye in 10 months
AI firms seek accords with publishing giants to maintain growth

AI firms seek accords with publishing giants to maintain growth
Competition authority launches probe into Mastercard, Visa

Competition authority launches probe into Mastercard, Visa
BP announces $7 billion gas project investment in Indonesia

BP announces $7 billion gas project investment in Indonesia
Trudeau to send checks to millions of Canadians

Trudeau to send checks to millions of Canadians

SEC Chair Gensler to exit, clearing way for Trump pick

SEC Chair Gensler to exit, clearing way for Trump pick
Volkswagen workers head towards strikes from December

Volkswagen workers head towards strikes from December
WORLD COP29 draft deal proposes rich nations give $250 bln in climate finance

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.
ECONOMY Over 47 million foreign tourists visit Türkiye in 10 months

Over 47 million foreign tourists visit Türkiye in 10 months

Foreign tourist arrivals in Türkiye increased by 7.03 percent year-on-year in January-October to 47.3 million, according to data from the Culture and Tourism Ministry on Nov. 22.

SPORTS Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.