Saturday, May 17, 2025
Caspian Barrel
Advertisement
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • About Us
  • Azərbaycan
  • English
  • Русский
No Result
View All Result
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • About Us
  • Azərbaycan
  • English
  • Русский
No Result
View All Result
Caspian Barrel
No Result
View All Result

SOCAR increases share in its Turkey-based subsidiary to 100%

03/09/2021
SOCAR Türkiyədəki idarəetmə binalarında “yaşıl enerji”dən istifadə edəcək

{"subsource":"done_button","uid":"0C41611B-33B4-4448-A98A-62401FEB421D_1624025133569","source":"other","origin":"gallery","source_sid":"0C41611B-33B4-4448-A98A-62401FEB421D_1624025133587"}

15
VIEWS
Share on FacebookShare on Twitter

SOCAR has increased the share in SOCAR Turkey Energy from 87% to 100%, Report informs, citing Public Disclosure Platform.

According to the information, Goldman Sachs International (“Goldman Sachs”) and JP Morgan Securities PLC, have jointly structured a transaction in which Goldman Sachs has subscribed for 890.574.713 newly issued ordinary shares corresponding to 13% of the total issued share capital (post-money) of controlling shareholder SOCAR Turkey Enerji A.Ş. (“STEAŞ”), a subsidiary of the State Oil Company of the Azerbaijan Republic (“SOCAR”), for a total consideration of USD1.3 billion while simultaneously entering into six year put option transactions with each of STEAŞ and Sermaye Investments Limited (“SIL”), a subsidiary of SOCAR.

The transaction regarding the purchase of the shares mentioned above totalling to 890,574,713 corresponding to approximately 13% of STEAŞ by SIL is completed.

Tags: SOCARTurkey

Related Posts

SOCAR, Israel’s Union Energy & Systems A establish Malta-based joint venture
Azerbaijan

SOCAR, Israel’s Union Energy & Systems A establish Malta-based joint venture

27/04/2025
Azerbaijan’s SOCAR could complete gasification of Albanian city of Korca by 2027
Azerbaijan

Azerbaijan’s SOCAR could complete gasification of Albanian city of Korca by 2027

27/04/2025
Azerbaijan, China sign six docs on construction of new renewable energy capacity
Azerbaijan

Azerbaijan, China sign six docs on construction of new renewable energy capacity

27/04/2025
Азербайджан начнет поставки газа по “Кольцу солидарности” – посол
Azerbaijan

Azerbaijan kicks off gas supplies to Slovakia

02/12/2024
SOCAR 2023-cü ilin maliyyə göstəricilərini açıqlayıb
Azerbaijan

SOCAR achieves BBB ESG provisional rating from MSCI

25/10/2024
Словения и Азербайджан скоро подпишут контракт на поставку газ
Azerbaijan

Slovenia, Azerbaijan can ink gas supply contract very soon

18/07/2024
WTI Crude Price
Brent Crude Price

Vacancy

International Company is looking for a K951-ESG-Tech Prof-Completions, Assoc

16/05/2025
Vacancy

International Company is looking for a FRS09-ESG-Geoscientist II

16/05/2025
Vacancy

International Company is looking for an Assoc Tech Prof.-Cementing

16/05/2025
MOSCOW, RUSSIA - JULY 7, 2020: A fuel attendant works at a Rosneft petrol station. Sergei Fadeichev/TASS

Россия. Москва. Сотрудник автозаправочной станции компании "Роснефть". Сергей Фадеичев/ТАСС
Azerbaijan

Fuel expenses of Azerbaijan’s population rose by 7% in Jan.-Apr. 2025

14/05/2025
Vacancy

SOCAR Polymer LLC is looking for a Process Safety Team Leader

12/05/2025
Vacancy

PD&MS Group is looking for a Project Manager

11/05/2025
Vacancy

PD&MS Group is looking for a Contract Manager / SPA

11/05/2025
Vacancy

PD&MS Group is looking for a Lead Designer (Baku)

11/05/2025
Vacancy

International Company is looking for a Technical Advisor, PSL- Sales, Prin

06/05/2025
Vacancy

International Company is looking for an INSITE Spec-SDL, Jr (SV06-ESG)

06/05/2025

No Result
View All Result
  • Azərbaycan
  • English
  • Русский
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • Contact

© 2014 - 2024 CaspianBarrel - Xəzərin neft və qaz xəbələri.