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Financials

BRIEF-Aygaz and Koc Holding unit bids highest offer in privatisation tender of Menzelet and Kılavuzlu HPPs

Sept 20 (Reuters) - AYGAZ AS:

* SAID ON TUESDAY UNIT ENTEK ELEKTRIK HAS SUBMITTED THE HIGHEST OFFER OF 1.28 BILLION LIRA FOR THE PRIVATISATION TENDER OF MENZELET AND KILAVUZLU HYDROELECTRIC POWER PLANTS,

* ENTEK ELEKTRIK IS OWNED 49.62% BY COMPANY’S MAIN SHAREHOLDER KOÇ HOLDING AND 49.62% BY THE COMPANY

* THE TENDER IS BY WAY OF “GRANTING OPERATING RIGHTS” FOR A PERIOD OF 49 YEARS

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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