Turkey Said to Hire EY for Landmark Bridge Privatization Deal

Turkey hired Ernst & Young LLP to lead a multibillion-dollar privatization of two landmark Istanbul bridges and a string of highways, according to people familiar with the matter.

The London-based firm will advise the government on the sale of operating rights to the 15 July Martyrs and Fatih Sultan Mehmet bridges — which connect Istanbul’s European and Asian halves — as well as at least nine toll roads, the people said, speaking on condition of anonymity as the details of the deal are private.

Turkey also appointed Canada-based BTY Group as a technical adviser to the sale and plans to ...