Privatization board approves Erdemir's block sale
Turkey's Privatization Higher Board approved the 49.3 percent block sale of
Erdemir to OYAK, the Turkish Armed Forces Pension Fund.
In line with a notice released in the Official Gazette today, the board approved the 49.3 percent block sale of
Erdemir to OYAK for $2.96 billion. The share transfer agreement is expected to be signed within 45 days.