Middle East Economic Survey
VOL. XLVIII
No 50
12-December-2005
TURKEY
Koc Holding Mandates Banks For Tupras Purchase
Turkeys Koc Holding has mandated several banks to arrange loans that will be used to purchase 51% of the state-owned refining company Tupras. In September, Koc won the right to buy Tupras with a bid of $4.14bn (MEES, 19 September). Turkeys High Board of Privatization approved the sale in early November and Koc has until the end of the year to complete the transaction. On 7 December,...
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