4/17/2009

Two bids made for Turkey's National Lottery

Haber Turk - Turkey's Privatization Administration announced on Wednesday that two bids were made for the Turkish National Lottery. DAF Arastirma Gelistirme A.S., a consortium of Turkey's Dogus Holding, Alarko Holding and Fina Holding, as well as the Turkish GSM operator Turkcell's subsidiary Sans Oyunlari Yatirim Holding were the two bidders, the administration said in a statement. Privatization process of Turkey's national lottery for a ten-year license is expected to be finalized later this month. The National Lottery has an annual turnover of USD 683 million and a net profit of USD 189 million.