- Spain: The city of Madrid is selling off 20% of the public company MADRID CALLE 30, which runs the Madrid ring road, the M30. The EUR 4 bn investment includes the current upgrade. In the next phase, scheduled for 2008, Madrid will privatise a further 31%. ACS and FERROVIAL, Spanish construction giants, will lodge a joint bid through a 50/50 joint venture; as will FCC and IBERPISTAS (of the ABERTIS group), through a joint venture (80% FCC and 20% IBERPISTAS). ACCIONA and SACYR are also bidding (separately). - Turkey: An OGER TELECOM consortium has won a deal to buy 55% of TURK TELEKOM for USD 6.55 bn. Alongside Saudi company SAUDI OGER, the consortium includes TIM - TELECOM ITALIA MOBILE, which will be investing USD 200 mil, and BT TELCONSULT, a subsidiary of BT (British Telecom). - Japan: The privatisation of the Japanese postal services, the world's biggest financial institution (355,000 bn yen in savings and managed life insurance, 270,000 employee) was narrowly adopted on Tuesday by the Japanese parliament. Starting in 2007, the post services will be split into four separate units - savings, life-insurance, post, administering the network of post offices. Each unit will be managed by a head office initially 100% state owned but later gradually sold off (probably from October 2007 to 2017).