EBRD Joins IFC and UniCredit in Financing Turkish Energy Privatization
In a drive to help privatize energy distribution in Turkey, the EBRD has joined with International Finance Corp. (IFC) and UniCredit Bank AG to provide financing of up to USD $325 million. The financing package is being made available to the Akcez Enerji Yatirimlari Sanayi ve Ticaret A.S (Akcez) consortium and it's electricity distribution subsidiary Sakarya Elektrik Dagitim A.S. (SEDAS). UniCredit leads the three investors with a USD $150 million commitment, while the EBRD is contributing USD $100 million and IFC adds USD $75 million.
Go to Invest IQ to read more. Invest IQ provides up-to-date private equity information and mergers & acquisitions news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.
More News
|
Nearly 5 months after requesting permission from Russia's anti-monopoly authorities, X5 has reached a deal to acquire Kopeika at a cost of... |
Warsaw-based MAVIT Medical Center has attracted new equity funding in order to help finance its expansion plans, including a new... |
|
Mid Europa Partners has announced plans to sell one of its Polish holdings to an American investment firm. On the block is cable television... |
While Penta investments has been considering a partial divestment from Polish retail convenience store chain Zabka, various investors have... |
|
The Internal Revenue Service (IRS) may review a business's or individual's financial information to confirm the accuracy of the amount of tax... |
Russia's newest venture capital firm, Runa Capital, has announced its first investment in a Moscow-based start-up active in the social... |
Related Stories
Glossary: Term of the Day
Adopt this term to demonstrate your knowledge and promote your profile. Go to GLOSSARY to find out more!
