10/13/2008

Turkey seeks lottery privatisation permit

Reuters - Turkey's Privatisation Administration (OIB) has applied to the anti-trust board for preliminary permission to begin the sale of national lottery Milli Piyango, government sources told Reuters. The privatisation of Milli Piyango is expected to attract foreign firms, despite lacklustre foreign interest in recent Turkish privatisations and a global credit crunch. Milli Piyango posted sales of 459.8 million lira ($333.6 million) and 331.8 million lira net profit last year. Companies interested in the tender include GTech-Lottomatica , Essnet-Tattersall, Scientific Games, Camelot, Opap and Intralot, Turkey's Koc Holding, Austrian Lotteries, Sisal, Dogus Group, Alarko and Cukurova Group.

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