SOCAR updates on talks for buying EWE’s Turkish assets
He was commenting on Turkish media reports, which said that the companies have already signed a purchase and sale agreement, told Trend.
“As it was earlier reported, we are holding talks with this company. However, no final agreement has been signed yet,” said Ahmadov.
Turkish media reported that EWE Turkey Holding, subsidiary of EWE, has sold its shares in Bursagaz, Kayserigaz, EWE Enerji and Enervis to SOCAR.
Reportedly, the cost of the agreement is estimated at $140 million.
Earlier, EWE told Trend that the decision about the possible sale of its assets in Turkey is related to the optimization of the company's activity.
“In the past 10 years, EWE has built up valuable companies in Turkey, which are able to manage investments entirely on their own,” EWE said. “Nevertheless, EWE regularly reviews whether all current measures ensure sustainable growth for the Group in the defined future areas.”
“Therefore, we conducted a market investigation for our Turkey business,” the company said. “We noticed that there are some interested parties for this business. If a prospective customer wants to continue this business and offers us an acceptable price, EWE will divest this business.”