Turkerler acquires cement plant for $158.5m

Turkerler  acquires cement plant for $158.5m
Published: 18 October 2005

The Turkerler Construction Company has submitted the highest bid of US$158.5m to buy Sanlıurfa Cement plant, formerly owned by the Uzan familiy, Cihan news agency reports.  Some 18 companies had submitted bids for the privatization of the Sanlıurfa cement factory, which was put up for sale at a price tag of US$56m. The factory was sold to Turkerler Construction Company for a winning bid of US$158.5m.