Istanbul/Vienna – The privatizations of the electricity distribution companies; Akdeniz Elektrik Dağıtım A.Ş. (“Akdeniz”), Boğaziçi Elektrik Dağıtım A.Ş. (“Boğaziçi”), Gediz Elektrik Dağıtım A.Ş. (“Gediz”) and Dicle Elektrik Dağıtım A.Ş. (“Dicle”) were closed and parties who offered the winning bids signed 30-year transfer of operating rights agreements to take the control of respective assets.
Raiffeisen Centrobank along with its local experts of Raiffeisen Investment Turkey acted as the exclusive advisors to the Privatization Administration of Turkey in the privatization of Akdeniz, Boğaziçi, Gediz and Dicle.
„We are advising the Turkish Privatization Administration in the reorganization of the entire electricity distribution sector. Privatization revenues meanwhile exceeded USD 10 bn., the privatization has been a major success for Turkey and lays proof of our high competence in advising big and complex transactions“, explains Henning von Stechow, Head of M&A, Raiffeisen Centrobank.
Kolin-Limak-Cengiz joint venture offered the winning bids of Akdeniz and Boğaziçi for a consideration of USD 546 mn and USD 1,860 mn respectively. Elsan-Tümaş-Karaçay joint venture offered the winning bid of Gediz for a consideration of USD 1,231 mn and İşkaya-Doğu joint venture offered the winning bid of Dicle for a consideration of USD 387 mn.
About Raiffeisen Centrobank
Raiffeisen Centrobank is a leading Austrian investment bank. Jointly with its Raiffeisen Investment subsidiaries, it acts as a leading Mergers & Acquisitions (M&A) advisor in Central Eastern Europe and Turkey. The core fields of business besides M&A are Equity Capital Markets (ECM), Privatisations, Structured Transactions, Private Placements and Merchant Banking. This is done by giving impartial advice and by combining top-level industry sector expertise of Raiffeisen Centrobank (Consumer Goods, Agro & Retail, Energy/Utilities, Financial Sponsors, Industrials, Life Sciences, Telecoms Media Technology) with local know-how through the Raiffeisen Investment network with more than 15 Country Offices. Raiffeisen Centrobank is a 100% subsidiary of Raiffeisen Bank International AG.
For further information please contact:
Henning von Stechow
Phone.: + 43 (0) 1 515 20-760
E-mail: stechow(at)rcb.at
Press contact:
Andrea Pelinka-Kinz
Phone: + 43 (0) 1 515 20-614
E-mail: pelinka-kinz@rcb.at
