- Spain: The part of the capital of the airline company IBERIA (net profits EUR 201 million in 2001) reserved for institutional investors upon its privatisation was subscribed three times over thanks to last minute bidding for a price of around 1.40 euros/share. The part reserved to private individuals, that is 60% of the actions proposed in total, was subscribed one and a half times. See EI of 19 and 20 March. - Turkey: The Turkish Privatisation Office has announced that the call for bids to sell 51% of the shares of TURKISH AIRLINES has been closed given the lack of interest shown. The Office specifies that nine investors had shown they were interested but that none of them had made a final offer. March 30 was the deadline for bids. The operation had already been deferred by one month in February. See EI of 16 March and 5/6 February 2001. - Thailand: Thailand's Prime Minister Thaksin Shinawatra has pledged to rapidly privatise the State companies and to reduce taxation on companies in order to revive the Bangkok Stock Exchange. Among his priorities are the privatisation of THAI AIRWAYS INTERNATIONAL and the PETROLEUM AUTHORITY OF THAILAND, that should bring $15.6 billion to the stock exchange over the next three months.