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NEWSLETTER 2011

436

capital shares held by the General Directorate of the Development

Bank of Turkey fell under the scope of article 7 of the Act no 4054

as well as the Communiqué no 1998/4; but that it was not subject

to authorization since the thresholds prescribed in article 5 of the

same Communiqué were not exceeded. (18.10.2011; 11-53/1348-

477)

• Resolution dated 12.09.2011 of the Supreme Council of

Privatization pertaining to the privatization of certain immovable

of Turkish State Railways was published in the Official Gazette

dated 19.10.2011 and numbered 28089.