"Turkey Sells Two Power Grids to Karamehmet-Backed Group for $4.91 Billion
By Ali Berat Meric and Ercan Ersoy - Aug 9, 2010 8:56 AM ET
Turkey raised $4.91 billion from auctions of two electricity grids, including the network on the European side of Istanbul, the country’s biggest city.
Both auctions were won by a venture between Iskaya Insaat, an Ankara-based builder, and MMEKA Makina Ithalat Pazarlama AS, an Istanbul-based company controlled by Mehmet Emin Karamehmet, former chairman of the country’s biggest mobile phone company. Ahmet Aksu, head of Turkey’s asset sale agency, conducted the televised auctions in Ankara."
More:Turkey Sells Two Power Grids to Karamehmet-Backed Group for $4.91 Billion - Bloomberg
