Competition board hints of long review on plant sale

Competition board hints of long review on plant sale
Published: 15 November 2005

Mustafa Parlak, head of Competition Board, said that it did not seem likely for the board to give its decision regarding the sale of cement companies, previously owned by the Uzan group, soon. Parlak furthered that the board’s decision required market analysis, regional evaluations and detailed information. As known, the SDIF (Saving Deposit and Insurance Found) held sale tenders for nine cement plants and the bid prices exceeded the minimum estimated values set by the SDIF. 
 
Adana Cimento to sell stakes in Omsan, Oyka Kagit, Oysa Cimento to Oyak. Cement company Adana Cimento announced that it started talks regarding the sale of its 6.6 per cent, 6 per cent and 3.2 per cent stakes in Omsan Lojistik, Oysa Kagit Ambalaj and Oysa Cimento to Oyak. Currently Adana Ciment holds 25.6 per cent, 25 per cent and 22.2 per cent stakes in the said companies, respectively.