Limak bids for Gaziantep Cement

Limak bids for Gaziantep Cement
Published: 13 April 2006

Limak Kurtalan has made a bid of US$93.25m for rival cement company, Gaziantep Cement, which the Turkish Savings and Deposit Insurance Fund (TMSF) put out to tender for an estimated US$90m. The previous bid of US$128m from Sanko was not approved by the Competition Board. The details of companies that made the highest first and second bid offers will be referred to the Authority for consideration to finalise the tender.