Turkey Sells Bartin for $48m

Turkey Sells Bartin for $48m
13 October 2005


Turkey’s Savings Deposits Insurance Fund, or TMSF, sold the Bartin Cement Factory for $48m to domestic cement producer Cimko Cim. ve Beton San. Tic. AS, or Cimko the Ihlas News Agency, or IHA, reported Wednesday.   TMSF’s reserve price for Bartin Cement was $22m. The auction is part of the sale of the seized Uzan Group’s cement assets. TMSF will sell the remaining six factories in separate auctions until Oct. 20.   Published under Cement News