Turkey: Istanbul's gas distribution company to be privatized
29 October, 13:18
(ANSAmed) - ISTANBUL, OCTOBER 29 - The privatization process of the Istanbul Gas Distribution Company (IGDAS) will begin in November, Daily Sabah online reports today quoting Istanbul's mayor Kadir Topbas as saying. The mayor stated that IGDAS is one of the biggest and most valuable companies of its field both in Turkey and in the world with 5 billion cubic meters (bcm) of natural gas sales, 4.6 billion Turkish Liras (TL, around 1.627 billion euros) net sales revenues, 279 million TL (98,7 million euros) net profits and 4.2 billion TL (1,48 billion euros) worth of assets.
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