Bids to be collected for Turkish Petroleum subsidiary until end of September in privatization tender

Bids to be collected for Turkish Petroleum subsidiary until end of September in privatization tender

ANKARA
The bids for the acquisitions of all stakes in Turkish Petroleum Distribution Corp., a subsidiary of the state-run TP, will be collected until Sept. 30 in a privatization tender, according to the tender announcement. 

The temporary deposit amount was set at 10 million Turkish Liras ($3.3 million) for the tender to privatize the company stakes in a bloc sale method, said the announcement, which was released on the Official Gazette on Aug. 1. 

Only legal persons and consortiums will be able to bid for the tender and they will have to sign a confidentiality agreement to bid. 

The bidders need to submit their offers to the Privatization Authority by Sept. 30 at the latest, the announcement underlined. 

The company started its sales in 2007, according to its website. 

The company, which has three storage facilities, gave its first dealership in 2007, according to its website.
LATEST NEWS

  1. Türkiye 'neutralizes' nine PKK members in Iraq, Syria

  2. Kılıçdaroğlu faces first hearing in insult case

  3. Türkiye will continue on path to energy independence, Erdoğan vows

  4. COP29 draft deal proposes rich nations give $250 bln in climate finance

  5. MPs pass reforms on internal security
Recommended

Over 47 million foreign tourists visit Türkiye in 10 months

AI firms seek accords with publishing giants to maintain growth

Competition authority launches probe into Mastercard, Visa

BP announces $7 billion gas project investment in Indonesia

Trudeau to send checks to millions of Canadians

SEC Chair Gensler to exit, clearing way for Trump pick

Volkswagen workers head towards strikes from December
WORLD

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.
ECONOMY

Over 47 million foreign tourists visit Türkiye in 10 months

Foreign tourist arrivals in Türkiye increased by 7.03 percent year-on-year in January-October to 47.3 million, according to data from the Culture and Tourism Ministry on Nov. 22.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.