Posted by meb at April 24th, 2008

The Privatization Supreme Board approved the sale of Turkey’s alcohol and tobacco monopoly TEKEL’s tobacco division to British-American Tobacco (BAT) on Thuesday.

BAT offered the highest bid with 1.72 billion USD and won the tender which was held to sell off TEKEL in February.

CVCI-Dogan-TUTSAB Joint Venture Group, Limak-PI Turkey Joint Venture Group and Strand Investment were the three other bidders in the tender.
source: The New Anatolian

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  5. Turkish cigarette giant goes to BAT