Turkish Halk insurance units' privatisation tender details unveiled

19 Jan, 2015

ISTANBUL: Turkey's Official Gazette on Monday published details of block sale privatisation tenders for state-owned lender Halkbank's Halk Sigorta and Halk Hayat ve Emeklilik units, with a bids deadline of April 24.

Advertisements for the Privatisation Administration (OIB) tenders said they would be for a block sale of 93.49 percent stake in insurance company Halk Sigorta and 90 percent in the life insurance and pensions unit, or 100 percent if there is sufficient demand.

Copyright Reuters, 2015

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