The public offering of Enerjisa Enerji A.Ş. Company, realized through the sales of equal common shares of Sabancı Holding and E.ON, made history as the largest private sector public offering on TRY basis in Turkey, due to the huge demand from the foreign and domestic investors. Enerjisa Enerji A.Ş. company's shareholders Sabancı Holding and E.ON announced that they plan to transfer the proceeds from this public offering to the energy operations in Turkey.
The public offering of Enerjisa Enerji, which is one of the leading energy companies in Turkey, was successfully completed and trading at the Istanbul Stock Exchange started with the code ENJSA as of February 8, 2018. As it was the case with the book-building process, the investors showed huge interest in Enerjisa Enerji A.Ş. company on the first trading day of offering 20 % of the company to the public. Enerjisa Enerji A.Ş. stood out as the stock with the highest trading volume at the Istanbul Stock Exchange on its first trading day.
“We take strength from our country"
Sabancı Holding’s CEO Mehmet Göçmen made a statement about this process and said, "As Sabancı, we take strength from our trust in our country for all our operations. The healthy market conditions and high potential observed in the energy sector allow us to confidently carry on our path.
Enerjisa Enerji A.Ş. Company’s public offering attracted great attention of both domestic and foreign investors and this once again proves the potential of our country and this industry. We are very glad to create value for our country via nearly 5 times more demand we received at the Enerjisa Enerji public offering, especially by the huge demand we received from foreign investors. We, as Sabancı Holding, are planning to use the proceeds from this public offering, for the capital increase of our company Enerjisa Üretim Santralleri A.Ş."
“The Public offering crystallized the true value of the business”
E.ON’s CEO Johannes Teyssen noted that the success of the public offering clearly revealed the confidence of the capital market in Enerjisa. Mr. Teyssen continued: "This is one of the largest public offerings in Turkey in the last years. The success of the public offering clearly reveals that the investors are convinced of the high growth potential in the electricity industry and they have confidence in Enerjisa. As a result of our confidence and belief in Turkey and in the energy sector, we will use the proceeds from this public offering for the further growth of our energy business in Turkey."