Middle East Economic Survey
Tupras Privatization Attracts 13 Bidders
Turkeys Privatization Authority on 24 June announced that 13 bidders had pre-qualified to participate in a tender for 51% of the Tupras Refinery. The authority issued tender notices for the refining company on 29 April following the sale of 14.76% of Tupras shares to international investors through the Istanbul Stock Exchange (MEES, 9 May). The bidding deadline is 2 September and the outcome...