(Bloomberg) -- Tupras Turkiye Petrol Rafinerileri AS,
Turkey's biggest energy company, may expand into petrochemicals by
buying a state-run chemical maker that's one of its main customers.
The state asset-sales agency said yesterday Tupras, the
country's sole refiner, was among 18 bidders for a 51 percent stake
in Petkim, worth $700 million at current market prices. Final bids
are due by June 15.
Read more at Bloomberg Emerging Markets News
Turkey's biggest energy company, may expand into petrochemicals by
buying a state-run chemical maker that's one of its main customers.
The state asset-sales agency said yesterday Tupras, the
country's sole refiner, was among 18 bidders for a 51 percent stake
in Petkim, worth $700 million at current market prices. Final bids
are due by June 15.
Read more at Bloomberg Emerging Markets News
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