The buyer of Turkey's national lottery will retain 16 percent of the company's annual revenue after taxes, Metin Kilci, head of the government's asset sales agency, said today.
The country may invite bids for Ankara-based Milli Piyango Idaresi by Oct. 15, Kilci said in a telephone interview today. Officials had previously said the winner of the 10-year license to operate the lottery would retain 17 percent of revenue after sales and gambling taxes.
Prime Minister Recep Tayyip Erdogan said on Sept. 22 that his government would push ahead with sales of public assets in order to draw in investment and minimize the impact of the global financial crisis on the economy.
To contact the reporter on this story: Steve Bryant in Ankara at email@example.com. Ali Berat Meric in Ankara at
To contact the editor responsible for this story: Chris Kirkham at firstname.lastname@example.org.