A consortium of Canadian and Turkish companies offered $22.8 million in an auction on Thursday to buy the second Turkish radio station auctioned off in two days.
The sale of Metro FM, one of seven radio stations that once belonged to the Uzan Group and was taken over by the Savings Deposit Insurance Fund (TMSF) in order to recoup the debts of Imarbank, is subject to regulatory approval.
Read the rest of the article on Turkish Daily News
See also: Turkey: Tender Opens for the Sale of Turkey's First Private Radio (Reporter.gr)
Friday, September 23, 2005
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