For 10 years
Net Holding wins bid to operate Turkey’s national lottery
(Turkey).-Net Holding, aTurkish tourism company, has won a privatisation tender to operate the country’s national lottery for 10 years.
2014-07-18
Reading time 29 seg
(Turkey).-Net Holding, aTurkish tourism company, has won a privatisation tender to operate the country’s national lottery for 10 years.
According to the Reuters news agency, a $2.8 billion (€2.1 billion) bid from Net Sans-Hitay must now be given final approval by the country’s privatisation and competition boards, as well as the high court.
Net Sans-Hitay bid was accompanied by rival offers from a consortium comprised of Czech investment groups KKCG and Emma Capital plus interactive gaming software and services provider GTECH, as well as a bid from Turkey’s ERG-Ahlatci consortium.
In 2009, Turkey dropped plans to privatise the lottery after two bidders were unable to meet the US $1.6 billion minimum asking price, and later opted instead to sell licences for games operated by the lottery.
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