Middle East Economic Survey
Tupras Refinery Again Tendered For Privatization
Turkeys Privatization Authority on 29 April issued tender notices for the block sale of 51% of the Tupras refinery. The measure follows the successful sale of 14.76% of Tupras shares in March to international investors through the Istanbul Stock Exchange for total earnings of $445mn (MEES, 4 April). Pre-qualification bids are due by 13 June and bids by 2 September, with the outcome...