Government to inject money for re-sale of gas grid

Finance Minister Mehmet Şimşek in a statement May 23 said that following a failure in privatization of Başket Doğalgaz, the natural gas distribution grid in the Turkish capital of Ankara, a new tender to sell the asset would be held in June or July.

The government reportedly intends to inject some $100 million into the company before calling for new bids  in the hope of re-stimulating strong investor/buyer interest.

Source: Hurriyet Daily

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