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Dioki Sells Trader

5:29 AM MDT | August 31, 2012

Çalişkan Kömür Group (Istanbul) has signed a preliminary agreement to acquire Adriaoil (Milan) from petrochemical producer Dioki Group (Zagreb, Croatia). Adriaoil is a trader of oil products and petchems, mainly in Italy and Russia. Family-owned Çalişkan is active in mining, shipping, coal, energy, livestock, and tourism. An advance payment of €5 million ($6 million) from Çalişkan will be used to pay the salaries of workers at idle Dioki production plants at Zagreb and Omisalj, Croatia. The workers have not received a salary since April 27. Dioki has...

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