Turkey's Privatisation Agency reportedly hires Raiffeisen to manage ports sale

As the country pushes a schedule to sell off its infrastructure to investors, Turkey's Privatisation Agency (OIB) has hired Raiffeisen in preparation to offer a host of ports, unnamed sources claimed on February 22.The agency in charge of selling state assets has hired...

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Turkey's Privatisation Agency reportedly hires Raiffeisen to manage ports sale



bne - 25.02.2013

As the country pushes a schedule to sell off its infrastructure to investors, Turkey's Privatisation Agency (OIB) has hired Raiffeisen in preparation to offer a host of ports, unnamed sources claimed on February 22.

The agency in charge of selling state assets has hired Raiffeisen Investment, a unit of Raiffeisen Bank International AG (RBI), to manage the sale of eight ports owned by state railways and maritime authorities, Bloomberg reports, citing two unnamed sources.

Some of the ports, which include Izmir, Derince, Kabatepe and Tekirdag, may be offered to bidders this year, according to the claims. Raiffeisen has been hired for a two-year mandate, one said. Both OIB and Raiffeisen Investment refused to comment on the report.

OIB in December invited potential advisers to bid for a role on the sale of Izmir's cruise-ship and freight ports, as well as ports in Tekirdag, Gulluk, Derince, Kabatepe, Pasaport and Gokceada.

Source: bne


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