Turkey's Zorlu Enerji bids to buy Osmangazi power distributor

ISTANBUL Mon Oct 21, 2013 6:23am EDT

Related Topics

ISTANBUL (Reuters) - Turkish energy company Zorlu Enerji (ZOREN.IS) said on Monday it had placed a bid to buy the Osmangazi power distribution network, which provides power to western Turkey.

Zorlu Enerji made the statement to Borsa Istanbul.

Turkish energy watchdog EPDK in August replaced the management of Osmangazi, which was privatized three years ago, saying its finances were preventing it from delivering the services it had promised. Osmangazi was bought in 2010 by Turkey's Yildizlar SSS Holding for $485 million.

(Writing by Seda Sezer; Editing by Nick Tattersall)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.