Privatization Of Halkbank

ANKARA - "The volume of foreign investors` demand for Halkbank shares is 8.7 times higher than the actual shares offered, while local investors` demand is only 3 times," said Kemal Unakitan, Turkish Finance Minister, on Monday.
Unakitan noted that the "total demand of Halkbank shares exceeded 12.5 billion USD."
Speaking at the OIB HQ, the Privatization Administration, Unakitan underlined that 24.98 percent of Halkbank shares are to be privatized.
"The selling price of each share is 8 YTL", stated Unakitan. (One dollar equals 1.34 YTL).
On the other hand, chairman of the Privatization Administration Metin Kilci remarked that "70 percent of Halkbank`s shares have been purchased by foreign investors while the remaining 30 percent was sold to local investors."