The Turkish government has reconfirmed its plans to privatise the country’s alcohol industry as part of a mass privatisation programme.
Turkish deputy prime minister Abdullatif Sener said yesterday that he would push through the privatisation programme as part of reforms pledged to the International Monetary Fund (IMF) under a $16 billion loan pact.
Sener said Turkey planned to sell a stake in petrochemicals firm Petkim in the first quarter of this year. Sales of stakes in refiner Tupras and tobacco and alcohol monopoly Tekel were set for the second quarter.
