ISTANBUL Dec 6 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 close to the matter 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.
Two of the sources said a deal would be signed this year.
Citigroup has been mandated to handle the sale, the
Officials from One Equity Partners and Akdeniz Kimya were
not immediately available to comment. Oyak declined to comment.