Goldman Sachs invests $250m in Petkim affiliate


Goldman Sachs acquired 30 percent of Petlim Port Operations and Commerce Inc.'s shares for $250m on Friday.Petlim, which is an affiliate of Turkey's leading petrochemicals company Petkim, currently operates Petkim's port facilities in the western town of Aliağa in Izmir province.The company also plans to build a container port in the same area which is planned to replace the port of Izmir.Petkim was privatized in 2008 and Azeri oil giant SOCAR had acquired 51.5 percent of Petkim's shares for $2.04 billion. SOCAR currently controls 81.5 of Petkim's shares.