ISTANBUL--Turkey's government expects 6.8 billion Turkish lira
($3.77 billion) of revenue from privatizations this year, Finance
Minister Mehmet Simsek said Monday.
In a press conference in Ankara, Mr. Simsek said the government
plans to complete the sale of Bogazici and Gediz power grids this
year.
The privatization revenue will be used to reduce the treasury's
borrowing, Mr. Simsek said.
Mr. Simsek said the government has raised TRY4.5 billion revenue
from the second public offering of state-run Turkiye Halk Bankasi
AS (HALKB.IS), or Halkbank.
Halkbank's offering, for a 20.8% stake, attracted TRY11 billion
demand and 55% of that demand came from London, 20% from the US and
9% from Singapore, Mr. Simsek said.
Write to Yeliz Candemir at yeliz.candemir@dowjones.com