Turkey Extends Deadline For Petkim Privatization Bids
Turkeys Privatization Administration (PA) has extended the deadline for bids for state-owned petrochemical company Petkim to 31 January 2004. The previous deadline had been 18 November (MEES, 8 September). Earlier this year the privatization tender for 88.86% of Petkim had been awarded to Standart Kimya for $605mn, although the government had hoped to secure a price of around $1bn (MEES, 7 July). Standart...