Turkey's
government expects 6.8 billion Turkish lira ($3.77 billion) of revenue from
privatizations this year, Finance Minister Mehmet Simsek said Monday.
In a press conference in Ankara, Mr. Simsek said the government plans to
complete the sale of Bogazici and Gediz power grids this year.
The privatization revenue will be used to reduce the treasury's borrowing, Mr.
Simsek said.
Mr. Simsek said the government has raised TRY4.5 billion revenue from the
second public offering of state-run Turkiye Halk Bankasi AS (HALKB.IS), or
Halkbank.
Halkbank's offering, for a 20.8% stake, attracted TRY11 billion demand and 55%
of that demand came from London, 20% from the US and 9% from Singapore, Mr.
Simsek said.