The deadline for bids in the sale of Turkish state tobacco entity, Tekel Cigarette, is 25 January 2008, reported Reuters on Thursday.
The privatisation body said recently that the Turkish government planned to start the sale tender process by the end of October in what is the latest of several planned attempts starting in 2003 to sell the institution. The government most recently in April postponed a plan to sell the former monopoly, which has six cigarette factories and a 40 per cent share of the domestic market with annual sales of around USD 8 billion.
The sale of Tekel is part of a broad privatisation programme backed by the International Monetary Fund. (pi)