OPAP and Turkcell failed to meet the minimum bid of us$ 1.6 billion
Turkey drops national lottery tender
(Turkey).- Turkey has abandoned the tender for the privatization of Milli Piyango, the country's national lottery. The country has abandoned the tender for the privatization of Milli Piyango, the country's national lottery, Reuters reports.
2009-05-08
Reading time 24 seg
According to the news agency, the two bidders - OPAP S.A., the Greek betting monopoly, and Turkcell, Turkish largest mobile-phone operator - failed to meet the minimum bid of us$ 1.6 billion. Last month OPAP S.A. and Turkcell placed official bids for the 10-year lottery license.
Last October, OPAP’s CEO, Christos D. Hatziemmanuel, was quoted by Reporter.gr, a news agency, as saying that the company has "good chances to win" the Milli Piyango lottery tender.
The lottery license was to give the winner 17 % of revenue after sales and gambling taxes, according to officials at Turkey's asset sales agency.
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