Turkish Battery Firm Bets on a Pivot Away From Chinese Tech
- Kontrolmatik eyes IPOs, debut Eurobond to fund investments
- Chairman says firm targeting whole lithium battery value chain
This article is for subscribers only.
Turkey’s Kontrolmatik Enerji Ve Muhendislik AS is planning to tap international debt markets and list various units to help finance its expansion in the lithium battery market, as it bets on demand for alternatives to Chinese technology.
The energy and engineering firm is considering a green Eurobond issuance later this year depending on market conditions, Chairman Sami Aslanhan told Bloomberg in an interview in Istanbul. The debt could be in dollars, euros or a combination of the two, he said.