Verbund in talks regarding options in Turkey.

By bne IntelliNews October 15, 2012
Austrias largest utility Verbund announced that it is in talks regarding its operations in Turkey and the options range from sale of its Enerjisa stake to new acquisitions or participating in new investments. Please note that Wolfgang Anzengruber, CEO of Verbund, announced last month that the company had no plans to exit from Turkey but it planned to inject an additional EUR 500mn into Enerjisa by 2015 to help finance 12 on-going hydropower plant projects. Media reports recently speculated that Verbund planned to sell its 50% stake in Turkeys second largest non-state power producer Enerjisa, Verbunds 50-50 JV with local Sabanci Holding; however, Anzengruber dismissed these speculations. Last month, Bloomberg reported that Verbund AG planned to transfer its 50% stake in Enerjisa to German power company EON AG in exchange for EONs some power plants in Germany and the deal was expected to be signed next month, quoting unnamed people familiar with the situation.

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