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.
