Baku, Azerbaijan, Feb.6
By Rufiz Hafizoglu - Trend:
The privatization of 10-percent state share in İgdas Dogal Gaz Dagitim A.S. company in Turkey has been annulled, Turkish Milliyet newspaper reported on Feb.6.
İgdas Dogal Gaz Dagitim A.S. controls Istanbul's gas distribution network.
No information was provided about the reasons for annulling the privatization of the state company.
Earlier, Kadir Topbas, the mayor of Istanbul Metropolitan Municipality said that İgdas Dogal Gaz Dagitim A.S. will be fully privatized.
The final sale price of İgdas Dogal Gaz Dagitim A.S. will be 4.2 billion TRY, said the mayor that time. The official exchange rate on Feb.6 is 2.4485 TRY/USD.
Some 90 percent of the company was privatized in November 2013.
Istanbul's gas distribution network is one of the largest ones in Turkey. The number of its subscribers exceeds 5.6 million.
Edited by SI
Follow the author on Twitter: @rhafizoglu