SOCAR announces reasons for selling 13% stake to Goldman Sachs

24 November 2024

SOCAR announces reasons for selling 13% stake to Goldman Sachs Intl

20:46 20 August 2015 Read: 3048

SOCAR announces reasons for selling 13% stake to Goldman Sachs Intl

Head of SOCAR Turkey Energy Kenan Yavuz announced reasons for selling 13% stake in Petkim to Goldman Sachs International.

Yavuz told Turkish BloombergHT TV channel that this step was taken for globalization of SOCAR Turkey Energy. Along with this, the company will repay its debts from the funds to be earned from deal.

“This deal proves confidence in Turkish economy. You know the deal cost $1.3 bln”, Yavuz said.

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