No 23



Turkey Opens Tender For Tupras Shares

Turkeys Privatization Administration announced on 4 June that it had set a timetable for the sale of a majority shareholding in state oil refinery Tupras. The administration said that a block of shares worth 65.76% of the company would be open for bids between 7 June and 18 September. The privatization is in line with calls from the International Monetary Fund (IMF) for Turkey to reform its economy in order to qualify for...