3/29/2012

Saudi and Chinese investors in line for Turkey’s gas distribution sale

Milliyet - The privatization of Turkey’s second largest gas distribution network draws investors from China and Saudi Arabia as the bidding period nears its end on April 16. The tender process for the 80 percent shares of Baskent Dogalgaz A.S., the company that supplies natural gas to the Turkish capital Ankara, will be over by the end of next month, according to the Acting President of the Privatization Administration (OIB).

The privatization tender has attracted China’s ENN Group, controlling gas distribution in more than a hundred cities in China, and a Saudi Arabia-based investment fund which is expected to bid with a Turkish partner. Akfen, Aksa, Kolin - Cengiz - Limak, Aygaz, STFA, Torunlar and Global Yatırım are among the interested local parties, said the OIB head.

With over 1.3 million users, Baskent Gaz is the second largest gas distribution company in Turkey after IGDAS, which serves Istanbul and its surroundings.
Turkey; turkey privatizations; turkey asset sales; baskent gaz privatization; turkey gas distribution; china enn group

ENGLISH