ANKARA - Competition Board approved on Friday the sale of TEKEL Cigarette to British American Tobacco (BAT).
BAT had offered the highest bid (1.7 billion USD) and won the tender which was held for privatization of TEKEL Cigarette in February.
CVCI-Dogan-TUTSAB Joint Venture Group, Limak-PI Turkey Joint Venture Group and Strand Investment were the other bidders in the tender.
(GC-AÖ)