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People & Business :: Companies

Consortium Chosen to Buy Petkim

2:41 PM MDT | July 18, 2007 | Chemical Week Editorial Staff

The Turkish government has selected TransCentralAsia Petrochemical Holding to buy a 51% stake in petrochemicals producer Petkim (Izmir, Turkey) for $2.05 billion. TransCentralAsia, owned by a consortium of investors from Russia and Kazakhstan, outbid seven other consortia in a previously announced auction, the government says (CW, April 11/18, p. 16). It plans to build a refinery and expand petchem production at Petkim’s Aliaga, Turkey...

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