Final Bids For Petkim To Be Collected Between April 13th-15th

ANKARA - Collection of final bids for the public offering of 30 percent shares of Petrochemical Industry (Petkim) will start on Wednesday.
Privatization Administration Board has collected initial bids for the public offering between March 30th and April 6th while the final bids will be submitted on April 13th, 14th and 15th.
Earlier only 4 percent of Petkim's shares were open to public offering and this time this percent will increase to 30 percent. In addition to that, an additional selling right of 4.5 percent can be used by the appreciation of the Privatization Administration. Therefore the percent of public offering will reach 34.5 percent.
The price of public share has been fixed as 5.45 YTL (7,36 USD) and some discount advantages have been provided for investors who offer initial bids and final bids. A 6 percent discount will be provided to domestic individual investors, a 7 percent discount for Petkim customers and 10 percent for Petkim employees and retired persons.