VOL. XLV

No 22

3-June-2002

TURKEY

TotalFinaElf Acquires Turkey痴 Selyak Products Marketing Firm

France痴 TotalFinaElf announced on 24May that it had acquired 100% ownership of Selyak, aTurkish petroleum products marketing company, after purchasing a 32% stake inthe firm held by the Turkish group Oyak and its subsidiaryMais. A statement released by TotalFinaElfsaid the transaction will enable it to proceed with the merger of Selyak and TotalFinaElf痴 other100%-owned products marketing subsidiary,...