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The
tender process of the minimum 88.86 % of the shares of
Petkim announced by January 20, 2003. 5 (Five)bids have
been received on due date April 2,2003. On June 6, 2003, 3
proposals were taken to the final tender. Following the
auction on June 06,2003. Standart Kimya Pet. Doğ. San. ve
Tic. A.Ş. has won the tender process of PETKİM for the
block sale of 88.86% of PETKİM shares.
However,
due to failure of Standart Kimya to fulfil the obligations
in certain period of time required by PHC,PETKİM tender
process has been cancelled and the bid bond of Standart
Kimya which is the amount of 10 million US Dollar has been
forfeited.
The
tender process of 88.86% of the share of PETKİM
Petrokimya Holding A.Ş. via a block sale has
re-opened on August 26, 2003 Due to insufficient number
of bids the tender was cancelled.
Secondary
public offering of PETKİM shares for 34.5 % has been
completed on April 2005.
PA
has hired Ak Investment-Raiffeisen Investment Consortium
for privatization operations of PETKİM on September 20,
2006.
Privatization
tender of 51% of the public shares of PETKİM, 44% of
which are owned by the Administration and 7% of which are
owned by The Republic of Turkey, State Pension Fund
through block sale method has been announced by March 16,
2007. Open public tender had been made on 5 July
2007 .
Sale
to second highest bidder, Socar&Turcas-Injaz
Consortium, has been approved with 2.040.000.000 USD by
Privatization High Council with decision number 2007/63 on
22 November 2007. The transaction for the block sale of
the 51% of Petkim Petrochemichal Inc. shares was concluded
on Friday May 30, 2008. Socar&Turcas Petrochemical
Inc..
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