Turkey's BDY in talks with Chinese investors on $10 mln capital inflow - report

Turkey's BDY Group Yatirim, active in liquefied petroleum gas (LPG) wholesale, logistics, warehousing and mining, said it is negotiating for a $10 million (8.2 million euro) initial capital inflow with unnamed Chinese investors, Turkish media reported on Monday.

The investment will be used in mining, Daily Sabah quoted the chairperson of the company's board of directors, Veysel Baday, as saying.

According to Baday, BDY Group's purchase of Russia's Petgaz, owner of the largest-capacity LPG terminal in Turkey, for $60 million in July 2020 has attracted foreign companies to Turkey, including Chinese investors.

Petgaz's LPG terminal is located in the city of Dortyol in the Hatay province. The facility has a storage capacity of 64,150 cubic metres.

($ = 0.822992 euro)

Choose your newsletter by Renewables Now. Join for free!