Petkim Tender Cancelled

ANKARA - Privatization Administration (PA) cancelled on Friday the tender for Petkim (Petro-Chemical Holding Inc.) because enough bid was not made.
Releasing a written statement, PA said that the tender for the privatization of Petkim with the block sale of 88.86 percent of its shares which was started on August 26, 2003 was cancelled as enough bid was not made.
Petkim's tender was also cancelled last year due to failure of Standart Kimya, which won the tender, to fulfil the obligations in certain period of time.
(GC-UK) 30.01.2004