Turkey holds auctions for two sugar factories
Yozgat and Çorum, the two factories of the Turkish Sugar Refineries Corporation (Türkşeker), were up for auction.
Safi Holding offered the highest bid — 528 million Turkish Liras ($130.3 million) — for the Çorum Sugar Factory, whose tender started from 441 million liras ($108.83 million), as reported by state-run Anadolu Agency on April 9.
The auction for the Yozgat Sugar Factory started from 244 million liras ($60.2 million) and it received bids up to 275 million liras ($67.9 million) from Doğuş Food Beverage.
Fourteen factories — Afyon, Erzurum, Alpullu, Ilgın, Bor, Kastamonu, Burdur, Kırşehir, Çorum, Muş, Elbistan, Turhal, Erzincan and Yozgat — are on the list to be auctioned.
Last week, auctions for the Bor and Kırşehir sugar factories were held and they were sold for 336 million liras ($82.92 million) and 330 million liras ($81.44 million), respectively.
Doğuş won the auction for the Bor factory, while the winner for Kırşehir was Tutgu.
But the government’s decision to privatize a total of 14 state-run sugar factories has caused much controversy.
Main opposition Republican People’s Party (CHP) head Kemal Kılıçdaroğlu recently claimed that the privatization move aims to promote starch-based sugar production and “affects nearly a million Turkish citizens.”