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Saturday, November 07, 2009

Bids for Turkey’s power grids reach $1.2bn

"Bids for Turkey’s power grids reach $1.2bn

By Delphine Strauss in Ankara

Published: November 7 2009 02:23 | Last updated: November 7 2009 02:23

Turkey’s privatisation administration (OIB) received bids totalling $1.2bn at an auction of three power grids in Ankara on Friday, a test of market conditions that has persuaded it to press ahead with sales to ease strains on public finances."

More:FT.com / Europe - Bids for Turkey’s power grids reach $1.2bn