Vinci Seeks to Bid for Turkey Roads, Joining Autostrade, OHL

Vinci SA (DG), Europe’s biggest builder, Autostrade per l’Italia SpA and Obrascon Huarte Lain SA (OHL) of Spain are among companies that applied to get prequalification for a Turkish government auction for operating toll roads and Bosporus bridges.

Vinci Concessions Holding AS, the French company’s Turkish unit, applied without a partner for the prequalification auction for which the deadline was today, the Ankara-based asset sale agency, known as OIB, said in an e-mailed statement. The auction is planned for later this year.

Koc Holding AS (KCHOL), Turkey’s biggest business group, applied with partners UEM Group Berhad, a Kuala Lumpur-based highway operator owned by Khazanah Nasional Bhd, and Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE), a Turkish private-equity firm, the OIB said.

The winner will get 25 years of operational rights for eight toll roads of about 2,000 kilometers (1,200 miles) and two crossings over the Bosporus, according to the terms. The government’s sale of toll highways is part of a privatization drive to pull in 12.5 billion liras ($6.87 billion) selling assets including electricity grids this year.

Autostrade of Italy is bidding with Turkey’s Akfen Holding AS (AKFEN), Dogus Holding AS and Makyol Insaat Sanayi Turizm & Ticaret AS, the OIB said. OHL, based in Madrid, joined Istanbul-based partner Zorlu Holding AS in asking for prequalification.

MV Holding AS, Nurol Insaat & Ticaret AS, Fernas Insaat AS, Kalyon Insaat Sanayi & Ticaret AS and Alsim Alarko Sanayi Tesisleri & Ticaret AS, a unit of Turkey’s Alarko Holding AS (ALARK), applied as the only group that doesn’t have a foreign partner, the OIB said.

To contact the reporters on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editors responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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