Monday, September 08, 2008

Azeri Socar to buy 50 pct of Turkey's Tekfen

"Azeri Socar to buy 50 pct of Turkey's Tekfen
Azerbaijan's Socar, the country's state-owned oil company, has agreed to purchase 50 percent of Turkish construction company, Tekfen, for $520 million, the company said in a statement issued to Istanbul Stock Exchange on Monday."

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