Turkey To Sell Off Gas Grid As Euro Pipelines Advance

Law360, New York (September 25, 2012, 4:28 PM EDT) -- Turkish privatization officials on Tuesday invited bids for the country's second-biggest gas network as a series of ambitious cross-European pipelines — projects that would put Turkey at the crossroads of Europe's gas supply — advance toward a 2013 final investment decision.

The OIB, the agency handling the sell-off of dozens of Turkish state assets, said it would offer up 700 million shares of Baskent Natural Gas Distribution Co., which operates a 6,000-mile distribution network centered around the capital, Ankara. The regulator said financial firms were welcome...
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