Turkey's Savings Deposit Insurance Fund (SDIF) will sell Cine 5 TV, Viva TV/Radyo Viva and Show Radyo which have an estimated total value of 57 million USD.
SDIF announced Tuesday it would put to sale on January 31, the Cine 5 TV , which has an estimated value of 40 million USD. SDIF which requires 4 million USD as tender guarantee from bidders will start collecting bids until January 28. If SDIF finds the initial offers for Cine 5 TV unsatisfactory, it will hold an auction on February 4.
SDIF which will put to sale the Viva TV/Radyo Viva --with an estimated value of 6 million USD-- on February 8, 2011, requires 600,000 USD tender guarantee from bidders. It will collect offers until February 7, and will hold an auction on February 11 if it finds the initial bids unsatisfactory.
Show Radio, which has an estimated value of 11 million USD will be put to sale on February 15. Bidders are required to pay 1.1 million USD as tender guarantee. SDIF will collect offers for Show Radyo until February 14. It will hold an auction on February 18 if finds the initial offers unsatisfactory.
Further information on the tenders can be accessed at the following url : "http://www.tmsf.org.tr/index.cfm?fuseaction=public.dsp_sales&menu_id=7&menu_type= 1".