News International Sugar Journal

Turkish government sells state sugar factories [Registered]

Turkey got winning bids of $922 million in an auction of sugar factories in the centre and east of the country, Bloomberg reported. Ak-Can Seker Sanayi & Ticaret AS placed the highest bid of $656 million in an auction of six factories in central Turkey (Kastamonu, Kirsehir, Turhal, Yozgat, Çorum and Çarsamba), beating five other bidders. A partnership between Limak Holding AS and Kolin Insaat AS bid $265.5 million for four plants in the east (Malatya, Erzincan, Elazig and Elbistan) and raised their offer to $266 million in final talks with the agency. Initial instalments are likely to be paid…

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