Bloomberg News

SHV Turkish Unit Ipragaz to Set Up Fuel Retailer, Milliyet Says

August 06, 2012

Ipragaz AS, an Istanbul-based liquefied petroleum gas retailer owned by SHV Holdings NV, will set up a company next year in fuel distribution in Turkey, Milliyet reported, citing Chief Executive Officer Selim Siper.

The company will make its own brand and will initially invest $50 million, Siper said, according to the newspaper.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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