Turkey to Invite Third-Placed Bidder for Istanbul Grid Sale
Aksa Elektrik Perakende Satis AS didn’t post the money required to secure the right to buy, the agency said in an e- mailed statement from Ankara today. Aksa bid $2.75 billion for the network in an auction in August last year. Park’s offer was $2.5 billion in the auction.
Ic Ictas made its payment against a full price of $575 million for the northwestern grid in Thrace and that sale will proceed, the agency said today.
To contact the reporter on this story: Ali Berat Meric in Ankara at email@example.com
To contact the editor responsible for this story: Steve Bryant at firstname.lastname@example.org