Turkey Petkim Up After Getting 5 Privatization Bids>C.PPH

Unakitan said the government will conduct bargaining talks with the interested parties. Best bidders may be asked to attend a public bidding.

The bidders were local concerns. They are:

– Chemorbis Consortium (Ilab Holding)

– Standart Kimya Petrol Dogalgaz San. Tic. A.S.

– Sanko Holding

– Turkiye Vakiflar Bankasi

– Zorlu Petrogas Petrol Gaz ve Petrokimya Urunleri San. Tic. A.S.

About 89% stake in Petkim is owned by the government, 7% by a retirement fund and the rest is on the free float.