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.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. Russia’s war economy boosted by rising oil prices
    8 days ago
  4. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  5. Russia’s $13.4bn current account surplus in March second highest since 2007
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss