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Goldman Sachs acquires 13% stake in SOCAR Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/08/2015 (11:04)
According to SOCAR’s statement on Turkey’s Public Disclosure Platform (KAP), SOCAR Turkey and Goldman Sachs has agreed on the sale of a 13% stake in Socar Turkey Enerji A.Ş to major investment bank Goldman Sachs. The transition value was reported at $1.3 billion.

SOCAR Turkey CEO and board member of Petkim Petrochemical Holding, Kenan Yavuz, reported that they are planning to repay a $1 billion debt via this sale.
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