VOL. XLVII

No 01

5-January-2004

TURKEY

Turkey Identifies Two Bidders For Delayed Tupras Privatization

Turkeys Privatization Authority (PA) has identified two bidders for the privatization tender of the state-owned refinery company Tupras. The PA has offered a block sale of 65.76% for the company, which has been delayed by the government for fear that Turkeys economic problems might prevent companies from making attractive bids. The effort to privatize companies owned by the state is part of an...