Rebuilding hopes after human tragedy
On Monday, Turkey’s privatization chief Ugur Bayar was working on the sale of Tupras, the state owned refinery company. A few days earlier Salomon Smith Barney had won the privatization mandate as consultant to the government. Tupras is Turkey’s biggest company with a stock market valuation of $6.4 billion.
But the next day, Tuesday August 17, Tupras’s Izmit refinery was ablaze and Bayar was in Adapazari digging for the bodies of his relatives trapped under the rubble of a terrible earthquake.
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