Middle East Economic Survey
VOL. XLIX
No 5
30-January-2006
TURKEY
Koc Secures Financing For Tupras PurchaseTurkeys Koc Holding has secured financing worth $4.3bn for the purchase of Tupras, Turkeys main refinery. In September 2005 Koc Holding and minority partner Shell won the tender from the Privatization Authority (PA) to purchase 51% of state-owned stock in the refining company for $4.14bn (MEES, 19 September 2005). In December Koc mandated JP Morgan to arrange a loan of $2.5bn and asked a...
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