Zorlu Group and PKN ORLEN form consortium to bid for Tupras

PKN ORLEN, the owner of Central Europe’s largest crude oil and petrochemicals refinery, and the Zorlu Group, one of the biggest industry, finance and technology groups of Turkey, have formed a consortium for the Turpas privatisation.

Zorlu and PKN ORLEN, which applied to the Privatisation Authority for the consortium on 29th August, each have 50% shares in the consortium.

Zorlu Holding’s Chairman of the Board, Mr Ahmet Zorlu, stated the following: The Zorlu Group, both as Turkey’s largest synthetic yarn producer and a participant in the energy sector through Zorlu Enerji, sees this industry as a strategic one. The Zorlu Group wants to grow in this sector. Our cooperation in this regard with one of Europe’s largest oil companies, PKN ORLEN, will be very beneficial to the country. 

President & CEO of PKN ORLEN, Mr Igor Chalupec, stated the following on the consortium with the Zorlu Group: We place a lot of importance on the Tupras privatisation, in line with our vision to be a strong regional player. We had stated before that we were in search for a strong partner within the Turkish business community. Today we are very happy to announce that our domestic partner for the tender is the Zorlu Group, which is among the largest and most prestigious groups in Turkey. Now we are even more confident about the Tupras privatisation.