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
|
The broadcasting assets of Dogan Yayin, Turkish media conglomerate, are attracting the interest of KKR and TPG. The two of the biggest US... |
In a drive to help privatize energy distribution in Turkey, the EBRD has joined with International Finance Corp. (IFC) and UniCredit Bank AG... |
|
Baltic region venture capital firm BaltCap has announced an investment which gives it a controlling interest in Kelprojektas, a Lithuanian... |
Citing the great potential of Poland's Meritum Bank, Wolfensohn Capital Partners is joining with the European Bank for Reconstruction and... |
|
One of Ukraine's leading wine makers received a financial boost early this year after Horizon Capital and Hartwell Capital joined forces to... |
Fresenius Medical Care, a worldwide leader in dialysis services, has reached a deal to acquire Hungary's International Dialysis Centres for €... |
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!
