Turkey's privatization agency OIB said Friday it will hold a final tender for the privatization of Ankara-based natural gas distributor Baskent Dogalgaz, the Ihlas News Agency, or IHA, reports.
Turkey
's
privatization agency OIB said Friday it will hold a final tender for the
privatization of Ankara-based natural gas distributor Baskent Dogalgaz, the
Ihlas News Agency, or IHA, reports.
The Turkish government is selling a 80% stake in Baskent Dogalgaz.
OIB previously said seven bids have been received for the privatization tender
of Baskent Dogalgaz.
The bidders include Aksa Dogalgaz, a unit of Turkish energy producer Kazanci
Holding, Turkish construction firm Akfen Holding AS, and MMEKA Makina Ithalat
Pazarlama ve Ticaret AS, which secured the country's largest grid Bogazici
power distribution grid and Gediz power grid, offering a total of $4.91 billion
in a privatization tender Aug. 9.
Turkey
previously held a tender for Baskent Dogalgaz in March 2008. Turkish investment
firm Global Yatirim Holding (GLYHO.IS) and natural gas engineering firm Energaz
submitted the highest bid of $1.61 billion in the tender. However, the sale
process was cancelled as the companies couldn't meet their commitments.
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