ANKARA - Turkish Privatization Administration said Wednesday that Socar&Turcas-Injaz OGG joint venture, which acquired Petrochemical Holding Co. (Petkim) for 2,040 million USD, was eligible to participate in public tenders.
Denying news reports regarding the sale of Petkim, the administration said in a statement that 51 percent of the company was sold to Socar&Turcas-Injaz OGG joint venture, which is comprised of two companies, Socar&Turcas Enerji A.S and Injaz Projects Company Limited.
It recalled that Higher Board of Privatization approved the sale of Petkim on November 22nd, noting that the administration investigated the structure of the joint venture and confirmed that these two companies were eligible to participate in public auctions.