Turkish Utilities Up for Sale?
Where will be find the next big crop of energy industry privatizations? The Wall Street Journal thinks that it might be in Turkey. Justification for this is based on a prediction from a Turkish think tank which believes that the country’s energy sector is desperately in need of investment – a projected requirement of $125bn over the next 12 years. Selling off companies to rich foreigners would certainly be one way to make that happen. And indeed some sales are already happening. However, ongoing tensions between various factions in Turkish politics may not provide the sort of comfortable environment that big investors prefer.
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