Middle East Economic Survey

VOL. XLVIII

No 14

4-April-2005

TURKEY

Turkey To Privatize Remaining 51% In April

The General Director of Turkeys state-owned refining company Tupras, Husamettin Danis, on 28 March announced that the remaining 51% of the company held by the state would be sold in a block sale during April. Turkeys Privatization Authority (PA) sold 14.76% of Tupras shares to international investors through the Istanbul Stock Exchange on 4 March earning $445mn (MEES, 14 March). The PA holds...