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.
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