Prima Eyes Turkish Trader

Gazprombank unit Prima Energy Trading plans to acquire 26 percent of Avrasya Gaz, a Turkish wholesale gas trader, according to Turkey's antitrust watchdog and the owner of the holding Ozcan Tahincioglu.

Prima Energy on Dec. 8 applied for approval to acquire the stake from Tahincioglu, the regulator said on its web site. He declined to comment on the value of the deal or the timing of the proposed transaction.

Turkey's state pipeline operator Botas Boru Hatlari ile Petrol Tasima awarded Avrasya Gaz a contract to import 500 million cubic meters of gas a year from Gazprom from April 2009 to 2022 to sell in Turkey, according to its web site.

(Bloomberg)

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