Dogan decided not to bid due to current market conditions
Lottomatica and Dogan quit Turkish lottery bid
2009-04-14
Reading time 24 seg
In a stock market announcement last week, Dogan confirmed termination of the joint venture, saying that it had decided not to bid in the tender due to current market conditions.
The Dogan Lottomatica consortium was approved by Turkey’s privatization administration earlier this year having met the preliminary requirements for participation in the tender, which will grant the winner a 10-year license to operate the state-owned national lottery Milli Piyango.
Other participants in the tender include Intralot, Turkcell, Austrian Lotteries and OPAP. The privatization process for the national lottery, which generates sales in excess of us$ 1 billion annually, is expected to commence in August.
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