Turkey Plans Further Privatization Of Tupras
Turkeys privatization boardannounced on 10 July that it is planning the third public offering of shares inTupras, the countrys largest refining company. The offering is expected totake place in September or October, depending on the condition of Turkeysvolatile stock market, and is intended to reduce the states holding in thecompany to less than 50% from the current 65%. In April 2000, the governmentearned $1.25bn...
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