Turkey's Privatisation Board (OIB) on Friday named a consortium of TSKB, Unicredit, Yapi Kredi Menkul and Unicredit Menkul to act as advisors in the sale of a further stake in flag carrier Turkish Airlines.
The government retains a 49.12 percent stake in Turkish Airlines, Europe's third-biggest carrier by passenger numbers, and opened a tender last December for consultancy services to determine a privatisation strategy.
It is unclear how much of its stake Turkey wants to sell or how it will sell the shares, particularly as Turkish law requires that a domestic carrier be majority Turkish owned.
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