In Turkey, starting from 1980s, the effect of the state on the economy is being reduced by the privatizations. These privatizations are still continuing. In this context, State Economic Enterprises (SEEs) are transferred to the private sector and privatizations are carried out. Within the scope of privatization, tenders are made in accordance with the law, and as a result of these tenders, certain institutions and organizations are transferred to private sector legal entities. As a result of privatizations, the state gets disposed of the economic and bureaucratic burden of state-owned enterprises and generates income coming from the privatization process. Thus, both the burden of these enterprises on the state is reduced, and the private capital companies are enabled to make new investments in these enterprises and the state saves the costs required for the expansion and renewal of these facilities. 

In Turkey, as a result of privatizations, port operations, energy facilities, factories, highways, touristic facilities, mining operations, etc. many enterprises were transferred to the private sector. There are still many state-owned enterprises in Turkey that have been included in the scope of privatization and are awaiting tender and privatization procedures. Since privatization transactions are carried out in accordance with the global standards stipulated for these transactions in international law, foreign capital companies show great interest in privatizations in Turkey.

As per the Turkish legislation, privatization procedures are carried out by the Directorate of Privatization Administration via open tenders by way of block sales, international corporate offerings, public offerings, sale of half-finished facilities, outright sale. Within the scope of privatizations, we provide national and foreign investors various services. These services include following the tender procedures from the very start, due diligence for the assets or companies being privatized, provision of risk analysis, execution of concession agreements, assurance procedures, following the sale or transfer procedures for completion and compliance with the legislation after the privatization.

As the Bosphorus Legal Partners team, we provide meticulous service to our esteemed clients with our experienced and dynamic lawyer staff in all your legal processes to be carried out within the scope of privatization.