Middle East Economic Survey


No 45



Turkeys Dogan Cancels Plans To Sell Stake In Petrol Ofisi

Turkeys Dogan Holdings announced on 25 October that it had cancelled plans to sell a stake in fuel retailer Petrol Ofisi to foreign investors because bids failed to match its requirements. The company said in September that it had appointed a consortium to look into the possible sale of a stake worth as much as $150mn. Petrol Ofisi is a joint venture consisting of Dogan...