Middle East Economic Survey
Turkey Sells 15% Of Tupras Refiner To Foreign Investors Through Stock Exchange
Turkeys Privatization Authority (PA) on 4 March announced the sale of 14.76% of Tupras shares to foreign investors through the Wholesale Sales Market of the Istanbul Stock Exchange. The 36.97mn shares sold at a price of Turkish new lira (TNL) 15.40 each, earning the government TNL 569mn ($445mn). The government continues to hold 51%, while 34% is traded...