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TWO EMERGE FOR TURKISH LOTTERY TENDER

April 20, 2009

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European betting firm OPAP and Turkish mobile-phone operator Turkcell have reportedly submitted official bids with their partners in a tender for Milli Piyango, Turkey's national lottery.

According to several media outlets, the tender is held by the Privatization Administration (ÖİB) and is for a 10-year license to operate Milli Piyango.

Greece's OPAP is part of a consortium with Turkish companies Doğuş, which owns Garanti Bank ; FIBA Group, which has interests in finance; and Istanbul-based builder Alarko Holding. Turkcell leads a consortium called Sans Oyun Yatırım Holding that includes strategic partner Tepe Inşaat. Greece's Interalot and Austrian Lotteries did not bid despite meeting preliminary criteria.

Dogan Holding, which owns Turkey's largest media company, and its Italian partner Lottomatica pulled out of the tender last week, according to a Reuters story. Turkey registered privatization deals of more than $6 billion last year. The winner of the Turkish tender will receive 17 percent of Milli Piyango's revenue.  



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