Erdemir coke tender sidelined by CEO resignations

摘要

A coke tender issued by Turkey's Erdemir has been sidelined by the unexpected resignations of chief executive A. Kerim Dervisoglu and Atamer Giyici, head of sister mill Isdemir. They were reported to have resigned on health grounds. Local sources said both men were against the privatisation of the mills, particularly the possibility of their sale to foreign investors. "Both were known as opposing privatisation of Erdemir and Isdemir this way to foreigners, and there was a silent struggle between the government and them on this matter," one trade source said.