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Turkey port deal

6:22 AM MDT | August 29, 2014

Goldman Sachs is becoming a partner in Petkim Limancılık (Petlim), Turkey’s largest integrated port, operated by Petkim (Aliağa, Turkey), the country’s leading petrochemicals producer. The deal will boost Petkim’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 Petkim’s shipment activities at...

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