작성 : 강명구수석연구원 (787-7823) mgk101@kdb.co.kr 감수 : 박석연구위원 park@kdb.co.kr
- 1 -
1) 긴급한상황이아닌경우에도단기유동성을지원하는 IMF 의신용제도. 대기성차관을지원받기위해서는정부가협정을체결하고자하는의향을 IMF 에전달. IMF 는차관제공을필요로하는국가와 1 년또는 1 년반동안제공가능한차관액과향후거시경제안정화를위하여시행할경제정책 (adequate safeguards) 을합의. 이후 IMF 는채무국이약정한정책을추진하는지를감독하면서각분기별로정책집행의정도를심사, 후속자금을제공하게되어있음. 대출까지약 3 개월이소요되며, 이자는 4.5% 만기는 3 년 ~5 년 2) 입찰참여기업은 1 스페인 TELEFONICA, 2 이태리 TELECOM ITALIA, 3 UAE 의 EMIRATES TELECOM CORP./CETEL CALIK ENERJI/DUBAI ISLAMIC BANK 컨소시엄, 4 사우디 SAUDI OGER, 5 터키 KOC HOLDING/SABANCI HOLDING 컨소시엄, 6 터키 OYAK 그룹, 7 터키 DOGAN 그룹, 8 한국의 SK TELECOM, 9 터키이동전화업체 TURKCELL 이주도하는 14 개사컨소시엄, 10 터키민영화투자가그룹 - 2 -
- 3 -
- 4 -
3) 블록세일 (Block Sale) 은대규모지분을매각할경우가격변동과물량부담에따른불확실성을막기위해활용되는매매기법으로블록딜 (Block Deal 이라고도함. 우리말로는 일괄매각 으로불림. 즉, 가격과물량을미리정해놓고특정주체에게일정지분을묶어일괄매각하는지분매각방식. 블록세일은가격과물량을미리정해놓고거래하기때문에주가에큰영향을주지않음. 지분을나누어팔경우특정인이지나치게많은지분을소유하지않게됨으로써경영권분산에도효과가있음. 블록세일 (Block Sale 은주로장외거래또는시간외매매를통해이루어짐 - 5 -
4) 터키정부는 IMF 의대기성차관을지원받기위해 IMF 에제출한경제정책 (adequate safeguards) 에국영기업민영화를포함시킴 - 6 -
- 7 -
5) 아제르바이잔과바레인의컨소시엄, Socar 는아제르바이잔국영석유회사 - 8 -
- 9 -
- 10 -
6) TURKISH SUGAR MANUFACTURING CO. 민영화대상기업그룹구분 그룹구분포트폴리오 A 포트폴리오 B 포트폴리오 C 포트폴리오 D 포트폴리오 E 포트폴리오 F 민영화대상기업. Kars, Erciş, Ağrı,Muş, Erzurum. Elazığ, Malatya, Erzincan, Elbistan ㆍ2009년 11월 5일입찰공고발표, 2010년 1월 21일입찰서류마감. 그러나터키의회가입찰은중단시켰으며, 재입찰시기는의회가최종결정. Kastamonu, Kırşehir, Turhal, Yozgat, Çorum, Çarşamba ㆍ입찰프로세스는 2009년 12월 8일완료되었으며, 최고입찰가는 6억 600만달러. Bor, reğli, Ilgın. Uşak, Alpullu, Burdur, Afyon. Eskişehir, Ankara - 11 -
- 12 -
- 13 -
- 14 -
- 15 -
- 16 -
- 17 -
- 18 -
- 19 -
민영화기업 민영화지분 업종외국자본비율거래일자금액 Ansan-Meda 88.33 Beverages Atlantic Ind.Ltd. (USA-100%) 88.11.18 13,000,000 USAŞ 70.00 Catering SAS(Denmark-100%) 89.08.11 14,450,000 Afyon Çimento 51.00 Cement SCF(France-100%) 89.09.08 13,000,000 Ankara Çimento 99.25 Cement SCF(France-100%) 89.09.08 33,000,000 Balıkesir Çimento 98.24 Cement SCF(France-100%) 89.09.08 23,000,000 Söke Çimento 99.59 Cement SCF(France-100%) 89.09.08 11,000,000 Pınarhisar Çimento 99.86 Cement SCF(France-100%) 89.09.08 25,000,000 Tofaş Oto Ticaret 16.00 Automobile Dist. FİAT AUTO S.p.A (Italy-100%) 91.02.22 13,203,441 Türk Kablo 38.00 Cable Güneş Sigorta 30.00 Insurance İpragaz 51.00 Liquid Gas MEYSU 96.15 Beverages Nokia Int.-Finnish Fund(Finland-100%) Gan Internatıonal (France-100%) Primagaz A.G. (France-100%) H.REIL-T.SZABADOU (Germany-22%) 91.05.17 11,000,000 91.07.01 18,900,000 92.01.27 64,066,776 92.07.16 1,229,897 Netaş 20.00 Tele communication Northern Telecom Ltd. (England-100%) 93.03.01 26,000,000 Teletaş 18.00 Tele communication Alcatel B.V. (Holland-100%) 93.08.19 21,002,400 AEG-ETİ A.Ş. 11.11 Electronics AEG ETİ A.Ş. 27.85 Electronics Testaş Aydın Pre. - Electronics Çinkur 98.80 Zinc BASF Türk Kimya 39.995 Chemical AYMAR Yağ San. 11.06 Margarine Toros Gübre 14.48 Fertilizer TDI Kuşadası Port - Port AEG Aktiengesellschaft (Germany-100%) AEG Aktiengesellschaft (Germany-100%) Taiwan Firstohm Aydın Elek. (Taiwan 60%) Kayseri Maden Metal Tic.(Iran_85%) BASF AG/BASF HandelsExp. (Germany-100%) Unilever San.ve Tic. (Holland-97%) TEKFEN (Luxemburg-96,22%) Ege Liman İşl. A.Ş. (Liberia-35%) 93.12.10 2,199,542 94.06.21 5,871,330 95.12.20 1,150,000 96.05.22 14,000,000 99.11.15 7,137,821 00.08.31 905,000 00.10.09 8,500,000 03.07.02 27,000,000-20 -
Çayeli Bakır İşlet. 45.00 Copper Samsun Gübre 100 Fertilizer Inmet Maden. (Canada-100%) Toros Gübre (Luxemburg-96,12%) 04.09.23 49,250,000 05.07.04 41,000,000 Cyprus Turkish Air. 50.00 Airline Ada Havacılık ve Taşımacılık A.Ş. 05.09.09 33,000,000 TURK TELEKOM 55.00 Telecom Başak Sigorta 56.67 Insurance Ojer Telekomünikasyon A.Ş. Groupama International (France-100%) 05.11.14 6,550,000,000 06.05.16 204,376,800 Başak Emeklilik 41.00 R e t i r e m e n t Fund Groupama International (France-100%) 06.05.16 63,623,200 TCDD Mersin Port - Port Mersin Int. Port (Singapur 50%) 07.05.11 755,000,000 AraçMuayene - Motor Vehicle Inspect. I Tüvtürk Güney Taş. (Germany-33%) 07.08.15 313,250,000 AraçMuayene - Motor Vehicle Inspect.II Tüvtürk Kuzey Taş. (Germany-33%) 07.08.15 300,250,000 PETKİM 51.00 Petrochemical Prod. Socar&Turcas (Azerbaizan-Bahreyn 51.12%) 08.05.30 2,040,000,000 TEKEL Sigara Factories - Tobacco BAT Tobacco (Ingiltere) 08.06.24 1,720,000,000 Başkent Elektrik Dağıtım A.Ş. 100 Elecricity Distribution Enerjisa Elektrik Dağ.A.Ş.(Austria 50%) 09.01.28 1,225,000,000 Sakarya Elektrik Dağıtım A.Ş. 100 Elecricity Distribution Akcez Enerji Yatırım.A.Ş. (Czech Rp.50%) 09.02.11 600,000,000 TOTAL 14,249,366,207 Tofaş Türk 16.67 A u t o m o b i l e Man. International Offering 94.03.07 330,000,000 İş Bankası 7.39 Banking International Offering 98.05.13 391,949,083 TÜPRAŞ 6.77 Oil Refinery International Offering 00.04.07 265,491,985 POAŞ 3.5 Petroleum Marketing International Offering 02.03.15 38,891,914 THY 25.62 Airlines International Offering 04.2006 204,622,931 PETKİM 24.70 Petrochemical Prod. International Offering 05.04.15 197,227,599 T. Halk Bankası A.Ş. 17.36 Banking International Offering 07.05.04 1,289,159,742 TURK TELEKOM 9.00 Telecom International Offering 08.05.09 1,146,360,759 TOTAL 3,863,704,013 총외국인투자금액 18,113,070,220-21 -