Turkish Armed Forces Pension Fund (OYAK) disclosed that it wants to keep control of steel firm
Erdemir, but could take on a partner for the investment.
Coskun Ulusoy, General Manager of OYAK, said “We have no intention of leaving the wheelhouse; we will continue our presence in the wheelhouse.”
OYAK, which made the highest bid in the
Erdemir tender, paid $2.96 billion on February 27 and took over the steel giant.
“OYAK is still willing to discuss a partnership with Arcelor, with which an earlier deal fell through, but is open to other entrepreneurs”, Mr. Coskun Ulusoy said.