VOL. XLV

No 29

22-July-2002

TURKEY

Turkish Government To SellRemaining Shares In Petrol Ofisi

TurkeysPrivatization Administration announced on 16 July that it would sell itsremaining 25.8% share of fuel retailer Petrol Ofisito the companys majority shareholder, Is DoganPetrol Yatirimlari AS, at a price of TL30,000 per share. A statement released by the administrationdid not put a total value on the price. Is DoganPetrol, a partnership between Is Bankasi and the Dogan Holding group that bought 51%...