February 18, 2011 / 7:27 AM / 7 years ago

Turkey's Gama Enerji to float about 30% in IPO-official

ISTANBUL, Feb 18 (Reuters) - Gama Enerji, a Turkish power producer half-owned by General Electric (GE.N), plans to float a 30 percent stake in an initial public offering at the end of 2011 or start of 2012, a company official said late on Thursday.

    Gama Enerji, which also develops water infrastructure projects, has mandated Goldman Sachs and Turkey’s Garanti Securities to advise on the IPO, the official said on condition his name was not used.

    Gama Enerji runs wind farms and coal and gas-fired plants in Turkey and operates a $1 billion water conveyance project in Jordan. It is also involved in project financing, according to its website. (Reporting by Evrim Ergin, writing by Ayla Jean Yackley)

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