Chinese mining investors in BDY Group collaboration following BDY’s Petgaz acquisition
Ankara-based BDY Group, which operates in wholesale liquefied petroleum gas (LPG), logistics, warehousing and, in mining, will collaborate with Chinese mining investors.
This follows the BDY’s purchase of the Russian Petgaz Corp, which owns Turkey’s largest storage capacity LPG terminal of 64,150 cubic metres.
The purchase of Petgaz for $60 million in July 2020 attracted foreign companies to Turkey, including Chinese investors, according to BDA’s chairman of the board of directors.
He said: “We are now negotiating with Chinese investors for an initial capital inflow of $10 million to be used in mining, which will provide foreign capital inflow to the country’s economy.”
Regardless of the Coronavirus outbreak the company will continue to invest in the mining, construction and real estate sectors, he added.
For more information visit www.bdygroup.com.tr
13th January 2021