Consultants for Erdemir privatization are selected
Turkey's privatization administration has selected a consortium of consultants to oversee the long-awaited privatization of its 46% stake in
flats producer
Erdemir. The consultant will be a consortium comprised of Vienna-based Raiffeisen Investment, and Turkish firms HC Istanbul Menkul Degerler and Tekinalp Avukatlar.
The consortium is expected to release a report to the privatization administration before the end of the year recommending how to optimally sell the 46% stake in the steel producer.
According to market sources,
US Steel, Arcelor, LNM and
Severstal are mentioned as possible bidders in the tender.