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Can a government company be considered private when they are bidding for a contract from a different country?
- Spain owns 60% of "Company A" - "Company A" has a joint-venture with "Company B" to bid for a privatization contract in Turkey - "Company A" has 51% share in the joint-venture - "Company B" is a private company in Turkey - Can the joint venture of "Company A" and "Company B" be considered a private enterprise in Turkey?
Public Comments
- So long as one party is a private company, the joint-venture can be considered as private concern thus is able to bid for contract worldwide even in the country itself.
