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British tobacco firm won the auction to buy Turkey's state-owned cigarette maker Tekel with a raised bid of USD 1.72bln.
Jump to full article: Hurryet (tr), 2008-03-04
Intro: British tobacco firm won the auction to buy Turkey's state-owned cigarette maker Tekel with a raised bid of USD 1.72bln. Tekel Workers' Labour Union filed an appeal at the Supreme Court of Appeals for the stay of execution of the sale of Tekel Cigarettes.
A press release issued by the Tekgida-Is said the appeal also asked the cancellation of the February 22th, 2008 decision of the "tender commission" for the privatization of Tekel through asset sale.
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