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Turkey Plans $1.62B Airlines Stake Sale
The Turkish government is further seeking to sell its stake in Turkish Airlines.
The Turkish government is further seeking to sell its stake in Turkish Airlines (THY), Financial Times reports. The privatization agency shortlisted a consortia led by Citigroup, Credit Agricole, Goldman Sachs, HSBC, UniCredit and UBS as bidders last month.
The state has a 49% stake in the carrier worth around $1.62 billion, while foreign investors own around 30% of THY. The stake sale is a part government’s privatization program that includes sales of banks, power plants, toll roads and Istanbul’s fast ferry network.
Click here for the story from Financial Times.