ANKARA - Privatization Supreme Board of Turkey approved on Thursday the sale of Turkey`s alcohol and tobacco monopoly TEKEL`s tobacco division to British-American Tobacco (BAT).
BAT had offered the highest bid with 1.72 billion USD and won the tender which was held to sell off TEKEL in February.
CVCI-Dogan-TUTSAB Joint Venture Group, Limak-PI Turkey Joint Venture Group and Strand Investment were the other bidders in the tender.
(TÇ-MS)