PROCTER AND GAMBLE <PG> SETS TURKISH VENTURE
Procter and Gamble Co said its Swiss
subsidiary, Procter and Gamble AG, has concluded an agreement
with Mintax Deterjan Sanayii AS to establish a joint venture in
Turkey.
    The venture, 50 pct owned by Procter and Gamble, has been
approved by the Turkish government. It will market consumer
products in Turkey. Other terms were not disclosed.
    Privately held Mintax, based in Istanbul, has 900 employees
and makes laundry detergents, dishwashing products, shampoo,
fabric softeners and deodorant. Its 1986 sales about 50 mln
dlrs.
 Reuter
