Turkey to conduct tender for gas distribution network privatization
Azerbaijan, Baku, Jan.18 / Trend, A.Taghiyeva /
A tender for the privatization of the Turkish state gas distribution company Başkentgaz in Ankara will be held in Turkey, the Sabah newspaper reported on Friday.
The tender will be attended by a number of local and foreign companies, including Iran's state-owned gas company NIGC and the company Mubadala Co., Owned by the government of Abu Dhabi (UAE).
The privatisation of the second largest gas distribution network in Turkey was postponed several times. The last time the tender was cancelled on Sept.12, 2012 due to the low prices offered for the company.
The company is put up for to 100 per cent privatisation. More than 700,000 shares for a total amount of $50 million have been put up for tender.
Earlier 90 per cent of the gas distribution network in Istanbul - İgdaş Doğal Gaz Dağıtım A.Ş was privatised in Turkey.