TURKEY: Ports and cement factories on offer

10 January 1997

The Privatisation Administration (PA) is studying bids for ports and cement factories. Bids for the privatisation by 30-year leases of eight medium to small-scale ports have been submitted for consideration by the PA to the Higher Privatisation Council. All the highest bids came from local companies or ventures:

Asim Cillioglu Group - $140 million for the Black Sea port of Rize

Trakya Port Administration, a venture comprised of Hayyam Garipoglu and the Aslan Companies Group - $134.5 million for Tekirdag port on the Sea of Marmara

Link Itahalat Ihracat Gida Sanayi - $102.5 million for Antalya on the southern Mediterranean coast

Cakiroglu - $80 million for Giresun port on the Black Sea. The same company also submitted highest bids of $40 million and $20 million respectively for two other Black Sea harbours, Ordu and Sinop.

The Council is also considering the highest bids to the PA for the sale of eight more cement and other sector-related factories. The four largest of these are:

Rumeli Cimento Sanayi & Ticaret for Ergani Cimento Sanayi - $46.7 million, but closely followed by one of $46.5 million from Sabanci Holding

Bukkoy Madencilik Turizm & Ticaret for Konya Krom Manyezit, a chrome- magnesite brick maker - $40.7 million

Rumeli Cimento Sanayi & Ticaret for Kurtalan Cimento Sanayi - $22.7 million

Zonguldak Yatirim Makina Sanayi Ticaret for Filyos Ates Tuglasi Sanayi - $18.2 million.

The government has realised a total $1,100 million so far from cement sector privatisations since the mid-1980s, says PA vice-chairman Ilhan Baytan.

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