Tatneft may acquire 50% stake in Turkish Aytemiz for $160 million

Turkish holding Dogan has approved the sale of a 50% stake in fuel company Aytemiz Fuel Distribution Inc. (Aytemiz Akaryakit) Russian PJSC “Tatneft“. This should from Dogan’s published post on the Public Disclosure Platform (KAP).

The transaction amount will be $160 million, follows from the data of the platform.

Aytemiz owns more than 570 gas stations in 77 provinces of Turkey, according to the company’s website. In particular, the gas station network has 10 bases, gas stations, storage terminals with a capacity of 250,000 cubic meters. m throughout the country.

Dogan Holding is Turkey’s largest holding company, founded in 1980. It owns shares in energy companies and the media, such as the newspaper and publishing houses Hürriyet, Hürriyet Daily News and Radikal, as well as Posta and Fanatik newspapers.

In February, Interfax informedthat the board of directors of Tatneft will discuss the creation of a representative office of the enterprise in Turkey, and in June 2021 the energy company signed a memorandum of cooperation in the petrochemical sector with the Turkish Ministry of Industry and Technology.