Privatization Announcement


Finance Ministry announces fresh round of major privatizations including highways, bridges, power plants, ports, a state-run insurance firm and the Erzurum winter sports facility, Spor-Toto - a sports-based draw owned and operated by the state, and bids on horse races, cable TV operations run by Türksat, the transfer of lines owned by the pipeline company Botaş, some 49 percent of the state-owned stake in the Turkish Electricity Transmission Company (TEİAŞ), and the Turkish Petroleum Corporation (TPAO) will be privatized in the short run. Also, a number of real estate agencies and state-owned facilities, including the Güllük Marina in the Aegean province of Muğla, are also set to be offered to local and international investors.

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