Goldman Sachs to own 25% of Petlim port

07.07.2014 [16:34]
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Baku, July 7 (AZERTAC). SOCAR Turkey Enerji and Goldman Sachs Group had to ink an agreement on the sale of 25 percent of the Petlim Limancılık A.Ş. Company's shares.

The said agreement has been signed and thus, the Goldman Sachs Group became owner of 25 percent of the Petlim Limancılık Company.

Earlier, Head of SOCAR Turkey Enerji and Board Member of Petkim Petrochemical Holding Kenan Yavuz said some shares of the Petlim Limancılık Company can be put up for privatization as part of the construction project of the largest and deep container port in Turkey.

As Kenan Yavuz noted some 25 percent of Petlim Limancılık's shares are expected to be put up for privatization.

SOCAR Turkey Enerji A.S and SOCAR International DMCC OGG acquired a 10.32 percent stake in Petkim on March 30, 2012, increasing SOCAR's stake in the company to 61.32 percent. Some 38.67 percent is in free circulation on the Istanbul Stock Exchange.

Goldman Sachs to own 25% of Petlim port

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