Turkey's Largest Energy Company is Established...

19.09.2011
  • TURKEY'S LARGEST ENERGY COMPANY IS ESTABLISHED...
  • SABANCI HOLDING CHAIRMAN GÜLER SABANCI SAID: "TURKEY WILL SEE AN INTEGRATION WITH SUCH MAGNITUDE FOR THE FIRST TIME EVER. FIRST STEPS ARE TAKEN TO ESTABLISH A VERY SIGNIFICANT ENERGY COMPANY"

guler_sabanci_100528_orjinal.jpgSabancı Holding's energy activities are gathered under a single helm. At Sabancı Holding's Extraordinary General Assembly today, it is decided that Holding Board is authorized to conduct the transactions in relation with assigning the stock bonds of Energy Production, Energy Wholesale, Natural Gas Wholesale, Electricity Distribution Companies with 50 percent affiliation to Enerjisa, which is to be established as Joint Stock Company, in the nature of partial division.

Upon the partial division to be conducted by Sabancı Holding, other partner Verbund will assign the stock bonds owned at the mentioned companies (which is 50 percent) to Enerjisa, which will be established as a Joint Stock Company then. As such, recently established Enerjisa company will be the owner of the mentioned 4 companies by 100 percent.

Being the Chairman of the General Assembly, Güler Sabancı made a declaration about the subject and said: "To be established as a joint stock company, Enerjisa will stand as an upper level corporation, and by gathering electricity production, distribution, retailing and trading companies under a single helm, Turkey will see an integration with such magnitude for the first time ever. First steps are taken to establish a very significant energy company". With the statement, it is indicated that the establishment transactions could not be finalized before new year's eve.