TotalFinaElf Takes Turkish Company Under Control

The French based TotalFinaElf has received full control over the Turkish company Selyak that specializes in the production of mineral oil.

According to Dow Jones, for this purpose TotalFinaElf has had to buy the remaining 32 percent of shares from another Turkish company - Oyak.

Now TotalFinaElf is going to merge Selyak with it's local subsidiary firm Total Oil Turkey.

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