LEADING NEWS SOURCE FOR TURKEY AND THE REGION

FINANCE > Board seeks adviser for Halkbank sell-off

ANKARA - Anatolia News Agency

Print Page Send to friend »
Halkbank General Manager Süleyman Aslan speaks at a press meeting. The state plans sell the lender. Hürriyet photo

Halkbank General Manager Süleyman Aslan speaks at a press meeting. The state plans sell the lender. Hürriyet photo

Turkey’s Privatization Administration (ÖİB) has invited consultant companies to take part in the sell-off process for state-run Halkbank.

An advisory joint venture will be hired to oversee a tender process to sell the 75 percent of shares of Halkbank the state owns, according to the website of the ÖİB.

Institutional finance firms, investment banks and brokerage houses can apply for pre-qualification by forming a joint venture including at least one local and one foreign investment bank.

Candidate firms should be experienced in advising, brokering, initial public offerings, block sales, mergers and acquisitions, privatization implementations etc. The deadline for the pre-qualification application is August 28 at 3 p.m.

Separately, another state-run bank, Ziraat, recorded 1.27 billion Turkish Liras of net profit in the first half of the year, posting a 25 percent year-on-year increase, according to a statement made to the Istanbul bourse.

The bank’s net profit in the second quarter was up by 38 percent year-on-year, reaching 613.79 million liras.

Yapı Kredi, a leading private bank, recorded 838 million Turkish Liras in net profits for the first half of the year. The bank’s second quarter profit was slightly down to 424 million from 441.8 million liras in the same period last year.

August/03/2012

PRINTER FRIENDLY Send to friend »

READER COMMENTS

Notice on comments

Mark Tak

8/6/2012 4:45:47 AM

Hurriyet should write about the foreign company profits are been taken out of Turkey, it is in Billions of dollars, these companies do not reinvest their profits in the country they take it to theirs and fill their pockets,when will Turks weake up and smell the coffee,your country been sold out tight under your knose,and Turks will be renter in Turkey oaying rent to foreign companies, this is what New World order is all about,weake up or you will be devistated

Mark Tak

8/6/2012 4:18:59 AM

Profit making companies all sold to foreign buyers, Banks? like you sell your paycheck to some one, it is your money,your safe, how could you do this, how can you sell our banks?all making profits, no other country sells money making company only the ones loosing money are for sale, Ziraat bank,Halk Bank, Vakif bank ,and everyone is watchin doing nothing,Turkey as you know it will be gone and you will be the renters in your own homes, and rents will go up,mark my words

Mark Tak

8/6/2012 4:07:52 AM

AKP will sell everything and there will be nothing left to sell when Turks find themselves same as Greece begging for money, and nothing to put as colletral for the loans, This is HALK BANK Halkin Bankasi,, peoples bank, should stay as peoples bank, what is a country whos banks owned by foreign companies,they take to profitr out of the country never invest back in the country,please Mr Erdogan do not sell out our country
< >

MOST POPULAR

AcerPro S.I.P.A HTML & CSS Agency