Original disclosure @ EBRD website
Updated in EWS Jan 28, 2019
Disclosed by Bank Dec 20, 2017
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This project provides financing to Zorlu Osmangazi Enerji Sanayi ve Ticaret A.S. for the upgrade and expansion of the electricity distribution network of the Osmangazi region in Turkey. This investment is made through a subscription in the company's local currency bond issuance.
Zorlu Osmangazi was founded in 2016 by Zorlu Holding A.S. as a 100% subsidiary of Zorlu Enerji Elektrik Uretimi A.S. in order to acquire 100% of the shares of Osmangazi Elektrik Dagitim A.S. ("OEDAS") and Osmangazi Elektrik Perakende Satis A.S. ("OEPSAS"), the incumbent electricity distribution and retail companies for the Osmangazi region.
Zorlu Enerji is one of the largest independent power producers in Turkey, with more than 1,000MW installed capacity, of which c. 750MW is located in Turkey. Zorlu Holding, which has 84.5% total interest in Zorlu Enerji, was founded in 1968 by Mehmet Zorlu as a textile producer and has grown into one of the largest conglomerates of Turkey. The holding operates under the following business segments: textiles, electronics and white goods, energy, real estate and mining.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Zorlu Enerji Elektrik Uretimi A.S.||Parent Company||-|
|-||-||-||-||Zorlu Osmangazi Enerji Sanayi ve Ticaret A.S.||Client||-|
+90 212 422 00 99
Levent 199, Büyükdere Cad. No:199, Postcode 34394, #i#li/#stanbul
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