International Federation of Chemical, Energy, Mine and General Workers' Unions
Key issues
1 document(s) for Key issues :
Petrochems: Transparency Suspect in Turkey’s Latest Petrol Privatising |
16 July 2007 Turkey
ICEM InBrief
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Turkey’s only petrochemicals company, Petkim Petrokimya, was auctioned off 5 July by the state’s Privatisation Authority in a €1.5 billion transaction that fails simple transparency criteria. The government has failed to provide clear backgrounds on some of the partners comprising the winning bid for a 51% stake in this important Turkish enterprise.
That bid was won by a newly-chartered...
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