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Turkish Baskentgaz goes on sale

Privatization Administration Board (OIB) has said 100 percent shares of Baskent Natural Gas Distribution Inc (BASKENTGAZ) will be privatized through «block sale».

The board said on September 13 that the deadline for bidding is December 17, 2012.

According to the bidding notice on OIB's official website, tender bid has the provisional cover of $50 million and 700 thousand shares will be on sale.

Specifications of the tender can be obtained for 20 thousand Turkish Liras (TL).

Individuals and corporates will be able to make proposals at the tender bid.

Previous tenders which were held separately for the privatization of BASKENTGAZ's shares were concluded in failure.

Adopted from Worldbulletin