Turkey Names Deputy PM’s Brother To Eregli Board

The report said eight of the nine board members were replaced. The board member who kept his seat was Maksut Goksu, son-in-law of former president Kenan Evren, the paper said.
A new board member, Ali Sedat Kara, in 1983 led the campaign to build a mosque at the Eregli plant, the paper said.
Turkish governments have traditionally appointed relatives or political allies to state-owned companies. Analysts said the new Justice and Development Party (AK) government seems to follow the trend. The AK Party’s core electorate is made up of Islamists.
Eregli, a blue-chip company with about 44% stake in the free float, has been a privatization candidate for about 15 years. Turkey’s privatization operations are headed by Deputy Prime Minister Sener, who Monday said his government will sell $4 billion in state assets this year.
Eregli wasn’t in Sener’s list, but he said the company’s future "will be discussed later."
Latest available data shows that Zonguldak-based Eregli posted a net loss of 121 trillion lira ($1-TRL1,667,000) between January and September last year, compared with a TRL174 trillion loss a year earlier.
Around 1054 GMT, Eregli was up 2.8% at TRL18,250.