Monday, July 20, 2009

Court suspends ban against Petrol Ofisi, shares rise | Markets | Reuters

"Court suspends ban against Petrol Ofisi, shares rise
Mon Jul 20, 2009 2:28pm IST

* Court suspends ban from state tenders

* Petrol Ofisi shares jump as much as 4 percent

* Analysts say ongoing uncertainty over ban may cap shares

(Adds background, updates share price)

By Ayla Jean Yackley

ISTANBUL, July 20 (Reuters) - Petrol Ofisi (PTOFS.IS: Quote, Profile, Research), Turkey's biggest fuel retailer, said on Monday a court had suspended a government ban on the company bidding for state contracts."

More:UPDATE 1-Court suspends ban against Petrol Ofisi, shares rise | Markets | Reuters