Torunlar Enerji Sanayi Ve Tic.A.S. and Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. (IBSE:BASGZ) agreed to acquire 50% stake in Akcez Enerji A.S. from CEZ, a. s. (SEP:CEZ) on July 29, 2022. The transaction is subject to approval by the Turkish antitrust authority and the local energy regulator. The transaction settlement is conditional, inter alia, on the new co-owners agreeing to refinance AKCEZ Enerji's existing debt.
The settlement of the transaction is also subject to having an agreement on financing. The sales process was advised by the global investment bank Citi and the Turkish investment bank Is Yatirim.