VOL. XLVI

No 31

04-August-2003

TURKEY

Turkey Extends Bidding Deadline For Tupras

Turkeys Privatization Administration (PA) has extended the deadline for bids for the Tupras refinery from 18 September to 2 October. The PA issued a tender on 7 June for the block sale of 65.76% of the refinery as part of government efforts to privatize most state-owned industries in line with guidelines put forward by the International Monetary Fund (MEES, 30 June). The current value of the block of shares is...