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Chemical Week Magazine :: Newsbriefs
Turkey port deal
6:22 AM MDT | August 29, 2014
Goldman Sachs is becoming a partner in Petkim LimancÄ±lÄ±k (Petlim), Turkeyâ€™s largest integrated port, operated by Petkim (AliaÄŸa, Turkey), the countryâ€™s leading petrochemicals producer. The deal will boost Petkimâ€™s plans to develop the port into the largest in the Aegean region. Petkim has preliminarily agreed to sell a 30% stake in Petlim to Goldman Sachs for $250 million. Energy company Socar (Baku, Azerbaijan) controls Petkim and Petlim. The Petlim port was created to handle Petkimâ€™s shipment activities at...
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