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Azerbaijan’s SOCAR to sell some shares in Turkey’s Petkim

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/07/2015 (18:09)
According to a statement made by SOCAR’s president Rovnag Abdullayev on July 22, the company is planning to sell some of its shares in Turkey’s Petkim Petrokimya Holding A.Ş. (PETKİM) due to the fact that Petkim’s share price rose to 4.35 Turkish liras per share in comparison to 1.8 Turkish liras in 2013. Azerbaijan’s SOCAR currently holds a 61% stake in Petkim.

SOCAR had previously planned to sell some of its shares in Turkey’s Petkim. However, the company had cancelled the sale pointing to the uncertainty in the markets.
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