More Ambitious Targets with E.ON
-SABANCI HOLDING ENTERS PARTNERSHIP WITH GERMANY’S E.ON, ONE OF THE WORLD’S LARGEST INVESTOR-OWNED ENERGY COMPANIES
-SABANCI HOLDING CHAIRMAN GÜLER SABANCI: “ENERJISA IS SETTING MORE AMBITIOUS TARGETS WITH E.ON”
-“THIS DEAL SUPPORTS OUR AMBITION FOR ENERJISA TO BE TURKEY’S LARGEST PRIVATELY OWNED ENERGY COMPANY”
-“E.ON’S INVESTMENT REFLECTS ITS TRUST IN TURKEY AND THE TURKISH ENERGY MARKET”
“WE WILL WORK TOGETHER WITH E.ON TO MAKE ENERJISA A LEADING REGIONAL ENERGY COMPANY”
-E.ON CEO DR. JOHANNES TEYSSEN: “SABANCI IS A PARTNER THAT HAS UNIQUE MARKET KNOWLEDGE AND GOALS THAT ARE AS AMBITIOUS AS OURS.”
VERBUND, Sabancı Holding’s 50:50 partner in Enerjisa, has agreed to an asset swap under which it will transfer its Enerjisa stake to Germany’s E.ON, one of the world’s largest investor-owned power and gas companies. Enerjisa, setting targets for 2020, will add gas import and trading to its business portfolio as it aims to develop and grow into a leading regional energy company.
VERBUND, Austria’s leading electricity company and Sabanci Holding’s 50:50 partner in Enerjisa, has agreed to an asset swap under which it will transfer its Enerjisa stake to Germany’s E.ON, one of the world’s largest investor-owned power and gas companies. In return, VERBUND will acquire stakes in hydroelectric power stations in Germany.
Enerjisa, aiming to become a regional leader going forward, will add natural gas import and trading to its business portfolio. Enerjisa is already on track with a total investment projects of almost 5,000 MW of generating capacity, of which 1,700 MW is already in operation and 2,000 MW under construction. It also serves almost 3.5 million distribution customers in the Başkent region.
Enerjisa aims to have 7,500-8,000 MW of installed generating capacity, giving it at least a 10-percent share of Turkey’s generation market, and to serve 6 million distribution customers by 2020.
Sabancı Holding Chairman Güler Sabancı, E.ON SE CEO Dr. Johannes Teyssen, VERBUND AG Board Member Dr. Günther Rabensteiner, and Turkey’s Minister of Energy and Natural Resources Taner Yıldız held a joint press conference today to announce the deal under which E.ON will acquire VERBUND’s Enerjisa stake.
More ambitious targets
Sabancı Holding Chairman Güler Sabancı stated that in view of the upcoming share transfer between VERBUND and E.ON, Sabancı and E.ON together defined more ambitious targets and a broader business portfolio for Enerjisa.
Sabancı noted that Enerjisa was established in 1996 to supply electricity to Sabancı Holding companies. In 2006, with the prospect of the Turkish government’s plans to make the country’s electricity market more competitive, Enerjisa was restructured with the aim of transforming it into a leading player. The 50:50 joint venture with Austria’s leading energy company VERBUND, paved the way for stronger growth, which resulted in investment projects totaling almost 5,000 MW of generating capacity, of which 1,700 MW is already in operation and 2,000 MW under construction and also it serves 3,5 million distribution customers.
Sustainable energy using innovative technologies
Güler Sabancı said that “Our partner VERBUND, in line with its own business focus,has agreed to an asset swap under which it will transfer its Enerjisa stake to E.ON, one of the world’s largest investor-owned power and gas companies. As Sabancı Holding, we are more than happy to welcome E.ON as our new partner and Enerjisa’s new joint shareholder. E.ON is committed to deploying its extensive experience and innovative approaches to help develop Turkey’s energy market.”
Natural gas import and trading to be added to Enerjisa’s business portfolio
Sabancı also emphasized that the two new partners set more ambitious targets for Enerjisa. Sabanci and E.ON aim for Enerjisa to have 7,500-8,000 MW of installed generating capacity—giving it at least a 10-percent share of Turkey’s generation market share—and to serve 6 million distribution customers by 2020. She added that “In the meantime, we will assess cross-border business opportunities in the electricity sector and together develop Enerjisa into a growing regional energy company. We will also expand the scope Enerjisa’s business by adding natural gas import and trading to its portfolio.”
E.ON: “We enter to the Turkish market in line with our strategies”
E.ON SE CEO Dr. Johannes Teyssen highlighting the ambitious goals E.ON shares with Sabancı noted that “Our entry into the Turkish energy market represents significant progress in the implementation of our corporate strategy. Turkey has one of the fastest-growing economies in the world, and the rise in its energy demand has been strong and steady. This transaction gives us a superb platform for value-enhancing growth outside our markets in Europe. In Sabancı, we’ve found a partner that has unique market knowledge and goals that are as ambitious as ours. As Sabancı’s new partner, we’ll add our skills and capabilities in conventional and renewable generation, fuel procurement, the downstream business, and energy sales. Combining our strengths is a win-win proposition for our two companies, Turkey’s economy, and its energy customers.”
VERBUND: “Enerjisa’s commercial value has grown”
VERBUND AG Executive Board Member Dr. Günther Rabensteiner made a statement concerning the handover of VERBUND’s shares to E.ON; “The asset swap for VERBUND of its 50 percent stake in Enerjisa in exchange for stakes in hydropower stations in Germany is to be seen as a much more clearer focus set by VERBUND on renewables (hydro and wind power) and home market reorientation to continental Europe as well as a commercial log in of the value growth of Enerjisa until today.”
The transaction, which will make E.ON a 50:50 partner with Sabanci in the Enerjisa joint venture, is expected to close in the first quarter of 2013. It is subject to approval by European and Turkish antitrust agencies and the finalization of other processes.
-SABANCI HOLDING CHAIRMAN GÜLER SABANCI: “ENERJISA IS SETTING MORE AMBITIOUS TARGETS WITH E.ON”
-“THIS DEAL SUPPORTS OUR AMBITION FOR ENERJISA TO BE TURKEY’S LARGEST PRIVATELY OWNED ENERGY COMPANY”
-“E.ON’S INVESTMENT REFLECTS ITS TRUST IN TURKEY AND THE TURKISH ENERGY MARKET”
“WE WILL WORK TOGETHER WITH E.ON TO MAKE ENERJISA A LEADING REGIONAL ENERGY COMPANY”
-E.ON CEO DR. JOHANNES TEYSSEN: “SABANCI IS A PARTNER THAT HAS UNIQUE MARKET KNOWLEDGE AND GOALS THAT ARE AS AMBITIOUS AS OURS.”
VERBUND, Sabancı Holding’s 50:50 partner in Enerjisa, has agreed to an asset swap under which it will transfer its Enerjisa stake to Germany’s E.ON, one of the world’s largest investor-owned power and gas companies. Enerjisa, setting targets for 2020, will add gas import and trading to its business portfolio as it aims to develop and grow into a leading regional energy company.
VERBUND, Austria’s leading electricity company and Sabanci Holding’s 50:50 partner in Enerjisa, has agreed to an asset swap under which it will transfer its Enerjisa stake to Germany’s E.ON, one of the world’s largest investor-owned power and gas companies. In return, VERBUND will acquire stakes in hydroelectric power stations in Germany.
Enerjisa, aiming to become a regional leader going forward, will add natural gas import and trading to its business portfolio. Enerjisa is already on track with a total investment projects of almost 5,000 MW of generating capacity, of which 1,700 MW is already in operation and 2,000 MW under construction. It also serves almost 3.5 million distribution customers in the Başkent region.
Enerjisa aims to have 7,500-8,000 MW of installed generating capacity, giving it at least a 10-percent share of Turkey’s generation market, and to serve 6 million distribution customers by 2020.
Sabancı Holding Chairman Güler Sabancı, E.ON SE CEO Dr. Johannes Teyssen, VERBUND AG Board Member Dr. Günther Rabensteiner, and Turkey’s Minister of Energy and Natural Resources Taner Yıldız held a joint press conference today to announce the deal under which E.ON will acquire VERBUND’s Enerjisa stake.
More ambitious targets
Sabancı Holding Chairman Güler Sabancı stated that in view of the upcoming share transfer between VERBUND and E.ON, Sabancı and E.ON together defined more ambitious targets and a broader business portfolio for Enerjisa.
Sabancı noted that Enerjisa was established in 1996 to supply electricity to Sabancı Holding companies. In 2006, with the prospect of the Turkish government’s plans to make the country’s electricity market more competitive, Enerjisa was restructured with the aim of transforming it into a leading player. The 50:50 joint venture with Austria’s leading energy company VERBUND, paved the way for stronger growth, which resulted in investment projects totaling almost 5,000 MW of generating capacity, of which 1,700 MW is already in operation and 2,000 MW under construction and also it serves 3,5 million distribution customers.
Sustainable energy using innovative technologies
Güler Sabancı said that “Our partner VERBUND, in line with its own business focus,has agreed to an asset swap under which it will transfer its Enerjisa stake to E.ON, one of the world’s largest investor-owned power and gas companies. As Sabancı Holding, we are more than happy to welcome E.ON as our new partner and Enerjisa’s new joint shareholder. E.ON is committed to deploying its extensive experience and innovative approaches to help develop Turkey’s energy market.”
Natural gas import and trading to be added to Enerjisa’s business portfolio
Sabancı also emphasized that the two new partners set more ambitious targets for Enerjisa. Sabanci and E.ON aim for Enerjisa to have 7,500-8,000 MW of installed generating capacity—giving it at least a 10-percent share of Turkey’s generation market share—and to serve 6 million distribution customers by 2020. She added that “In the meantime, we will assess cross-border business opportunities in the electricity sector and together develop Enerjisa into a growing regional energy company. We will also expand the scope Enerjisa’s business by adding natural gas import and trading to its portfolio.”
E.ON: “We enter to the Turkish market in line with our strategies”
E.ON SE CEO Dr. Johannes Teyssen highlighting the ambitious goals E.ON shares with Sabancı noted that “Our entry into the Turkish energy market represents significant progress in the implementation of our corporate strategy. Turkey has one of the fastest-growing economies in the world, and the rise in its energy demand has been strong and steady. This transaction gives us a superb platform for value-enhancing growth outside our markets in Europe. In Sabancı, we’ve found a partner that has unique market knowledge and goals that are as ambitious as ours. As Sabancı’s new partner, we’ll add our skills and capabilities in conventional and renewable generation, fuel procurement, the downstream business, and energy sales. Combining our strengths is a win-win proposition for our two companies, Turkey’s economy, and its energy customers.”
VERBUND: “Enerjisa’s commercial value has grown”
VERBUND AG Executive Board Member Dr. Günther Rabensteiner made a statement concerning the handover of VERBUND’s shares to E.ON; “The asset swap for VERBUND of its 50 percent stake in Enerjisa in exchange for stakes in hydropower stations in Germany is to be seen as a much more clearer focus set by VERBUND on renewables (hydro and wind power) and home market reorientation to continental Europe as well as a commercial log in of the value growth of Enerjisa until today.”
The transaction, which will make E.ON a 50:50 partner with Sabanci in the Enerjisa joint venture, is expected to close in the first quarter of 2013. It is subject to approval by European and Turkish antitrust agencies and the finalization of other processes.
KAPATMAK İÇİN (ESC)
Kapat
