TURKEY: Bids submitted for factory privatisation
Published: 11/20/2009, 11:06:14 AM
Turkey's Privatisation Administration (OIB) said on Friday it had received nine bids for six sugar factories belonging to the state-owned firm Turkseker, according to Reuters.
Turkey's privatisation programme has stalled this year due to low foreign investor interest during the global financial crisis, but the government still sees TRY10.4 billion (US$6.97 billion) in privatisation revenue transferred to the Treasury accounts next year.