JPMorgan’s One Equity eyes Turkish chemical maker Akdeniz Kimya

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The private equity arm of JPMorgan is reported to be in talks to buy a stake in Turkish specialty chemicals company Akdeniz Kimya, in a sale process that is expected to fetch more than $300m.

One Equity Partners is understood to face competition from Turkish army pension fund Oyak for the company, Reuters reported on Thursday, citing unnamed sources close to the matter.

The sale is being handled by Citigroup and could be signed this year, the report added.

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