Turkey Earns $744 Million From Privatization

ANKARA - Turkey earned 744 million U.S. dollars from privatization in the first half of 2004, Turkish Privatization Administration Board (OIB) said on Sunday.
OIB officials told A.A correspondent that Turkey was about to sign contracts for 1.4 billion U.S. dollars of privatization.
The same officials listed state institutions sold by block sale as Esgaz, Eti Bakir, Div-Han and Bursagaz while said that state-run Tobacco and Liquor Administration TEKEL, Sumer Holding, Meat and Fishery Products Corp., Turkish Maritime Enterprises, immovables of SEKA, Tekel Alcoholic Beverages Industry, Gemlik Fertilizer, and Tumosan were the institutions sold by transfer of authority.
OIB officials said that privatization revenues were lower than expected since Turkish court cancelled block sale of 65.76 percent of shares of Turkish Oil Refineries Corp. (Tupras).
(BRC) 11.07.2004