Koc Holding Plans $3.4 Billion of 2012 Investment, Hurriyet Says
The investment will be focused mainly on Ford Otomotiv Sanayi AS (FROTO), its joint venture with Ford Motor Co. (F), and Tupras Turkiye Petrol Rafinerileri AS (TUPRS), the country’s sole refiner, the newspaper cited the chairman as saying. The plan doesn’t include power plant investments, possible acquisitions by Koc Holding’s home appliances units or potential purchases from state asset sales, Hurriyet cited Koc as saying, without specifying where he was speaking.
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