February 26, 2008 / 8:13 AM / 12 years ago

Turk Dogan Mulls Talks on Road Privatisation

ISTANBUL (Reuters) - Turkish conglomerate Dogan Holding (DOHOL.IS) said on Tuesday it was considering offers for talks about Turkey’s upcoming privatisation of highways and bridges, but had reached no agreement on any partnership.

A newspaper reported this week that Dogan was planning to bid in the privatisation with Italy’s Atlantia (ATL.MI), previously known as Autostrade, and Turkey’s unlisted Dogus Group.

Ankara plans to sell a series of highways and landmark Istanbul bridges this year as part of a broad privatisation program backed by the International Monetary Fund. But it has yet to set out a timetable or detailed plan.

“We continue to evaluate the offers of talks made to us, but to date ... no intention to work together or partnership agreement has been established,” Dogan said in a statement to the stock market.

Dogan said it would make an announcement on any concrete developments.

Atlantia said in September last year it was interested in the privatisation. An adviser to the sale then said in December that Australia’s Macquarie Infrastructure MIG.AX, Spain’s Abertis ABE.MC, Portugal’s Brisa BRI.LS and Japan’s Itochu (8001.T) were also interested.

Dogan, a family-run energy-to-media conglomerate, was outbid on Friday in another privatisation — an auction of tobacco firm Tekel Sigara which was won by British America Tobacco (BATS.L).

At 0755 GMT, Dogan Holding shares were 1.2 percent higher, slightly underperforming the main Istanbul share index .XU100, which had risen 1.6 percent.

Editing by Rory Channing

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