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Friday, January 7, 2011

Eight groups bid to advise on Turkish Air stake sale, (THYAO), (NYSE: C), (BNPP), (NYSE: GS), (HSBA), (NYSE: BAC), (CRDI), (UBSN), (NYSE: UBS)

Eight consortiums bid to advise the Turkish government on the planned sale of a stake in flag carrier Turkish Airlines (THYAO.IS), the Privatisation Administration (OIB) said on Friday. Citigroup (C.N), BNP Paribas (BNPP.PA), Credit Agricole, Goldman Sachs (GS.N), HSBC (HSBA.L), Merrill Lynch (BAC.N), UniCredit (CRDI.MI) and UBS (UBSN.VX)(UBS.N) have bid, along with Turkish partners, in the tender to advise on the sale, the OIB said in a filing with the stock exchange. The government retains a 49.12 percent stake in Turkish Airlines, Europe's third-biggest carrier by passenger numbers, and opened a tender last month for consultancy services to determine a privatisation strategy.