ISTANBUL, March 20 (Reuters) - Azerbaijan’s state-run oil firm Socar placed a bid with Turkey’s Privatisation Board to buy a 10.32 percent stake in petrochemicals maker Petkim , Socar’s Turkey unit Chief Executive Kenan Yavuz told Reuters on Tuesday.
Socar’s Turkey unit owns a 51 percent majority stake in Petkim, while 38.67 percent is publicly traded, according to Petkim’s web site.
“We have placed a bid for the stake with the Privatisation Administration today. I can’t comment on the amount of the bid,” Yavuz said. The deadline for bids was Tuesday.
Reporting by Evrim Ergin, Writing by Seda Sezer