Turkey to Start Sale of National Lottery in October, Ilter Says

Turkey will invite bids this month for a license to run the national lottery, said Osman Ilter, deputy chief of the asset sales agency.

Turkey hasn't postponed the sale, Ilter said in an interview, denying reports in local media that the sale would be delayed to attract more foreign bidders.

Companies including Athens-based Intralot SA (INLOT) and Turkey's Koc Holding AS (KCHOL) have said they may bid for the 10-year license in an auction. The winner will retain 17 percent of revenue after sales and gambling taxes.

To contact the reporter on this story: Mark Bentley in Ankara at mbentley3@bloomberg.net; Ali Berat Meric in Ankara at

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net.

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