Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Akenerji Surges the Most in a Year on Stake Sale in Akcez Unit

June 29 (Bloomberg) -- Akenerji Elektrik Uretim AS, a Turkish utility, surged the most in almost a year after saying it would sell 45 percent of a special purpose vehicle to its partners.

The shares jumped 9.8 percent to 2.12 liras, the biggest rise on a closing basis since August 2011, paring its second-quarter decline to 1.9 percent. The SPV is Akcez Enerji Yatirimlari Sanayi & Ticaret AS, which was set up to buy the Sedas electricity distribution grid in northwestern Turkey.

Akenerji, owned by CEZ AS and the Akkok Group, will sell a 22.5 percent stake to CEZ and another 22.5 percent to Akkok Sanayi Yatirim & Gelistirme AS at a price to be determined after a report on the unit’s valuation, the company said in a statement to the Istanbul Stock Exchange after the market closed yesterday.

The transaction lowers Akenerji’s indebtedness and paves the way for other electricity generation investments, according to an e-mailed report from Istanbul-based brokerage Oyak Securities.

To contact the reporter on this story: Benjamin Harvey in Istanbul at

To contact the editor responsible for this story: Gavin Serkin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.