Azeri SOCAR plans to sell some shares in Turkey's Petkim- news agency

Petkim Petrokimya Holding

22/07/2015 13:53

BAKU, July 22 (Reuters) - Azeri state energy firm SOCAR 
plans to sell part of its shares in Turkish petrochemical 
company Petkim  PETKM.IS , SOCAR's president was quoted as 
saying on Wednesday. 
    "We bought 10 percent from the state and the rest of shares 
on the market and now want to sell part of these shares," Rovnag 
Abdullayev was quoted as saying by Azeri news agency 
APA-Economics. 
    "Petkim's share price rose to 4.35 Turkish lira per share 
from 1.8 Turkish lira in the last two years and that's why we 
would like to sell part of our shares." 
    SOCAR-Turkey bought 10.32 percent stake in Petkim in 2012 
from the state. Five years earlier it purchased a 51 percent 
stake in Petkim. 
 
 (Reporting by Nailia Bagirova; Writing by Margarita Antidze; 
Editing by Elizabeth Piper) 
 ((margarita.antidze@thomsonreuters.com; +995322999370; Reuters 
Messaging: margarita.antidze.thomsonreuters.com@reuters.net)) 
 
Keywords: SOCAR PETKIM/STOCKS