One Equity Partners Vies for Turkish Chemical Company

One Equity Partners, the main private equity arm of JPMorgan, and Turkish army pension fund Oyak are vying to buy a stake in Turkish chemicals maker Akdeniz Kimya, sources told Reuters. Akdeniz Kimya, based in the Aegean coastal city of Izmir, produces speciality chemicals and is valued at more than $300 million. It was not clear how large a stake is up for sale.

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