Middle East Economic Survey

VOL. L

No 8

19-Feb-2007

TURKEY

Turkey Tries Again To Privatize Petkim

Turkeys Privatization Board (OIB) on 8 February said it will again attempt to fully privatize Petkim petrochemical company in which the Turkish state owns around 54%. In April 2005, Turkey sold 35.4% of Petkim through an IPO on the Istanbul Stock Exchange, which raised $287.7mn (MEES, 2 May 2005). In August 2003, a deal to sell 88.86% of the company to the Uzen family business was canceled when the...