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Wednesday, September 29, 2010

Turkey’s Kardemir acquires energy company to build hydroelectric plant

"Turkey’s Kardemir acquires energy company to build hydroelectric plant

Wednesday, 29 September 2010 14:08:42 (GMT+2)

On September 28, Turkish long steel producer Kardemir Karabuk Demir Celik San ve Tic A.S. (Kardemir) announced that it has wholly acquired Enbati Elektrik Uretim San. ve Tic. A.S., which is due to build a 22.5 MW hydroelectric plant, through a share purchase of €10 million in cash. The completion of the purchase is subject to related approvals."

More:SteelOrbis - Turkey’s Kardemir acquires energy company to build hydroelectric plant