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Sunday, August 07, 2011

Goldman Sachs grip on Turkey becomes more apparent after it acquires Aksa stake

"Goldman Sachs grip on Turkey becomes more apparent after it acquires Aksa stake

Goldman Sachs has bought 26.5 percent of Aksa Enerji Uretim AS (AKSEN), one of Turkey’s two biggest power producers, for about $450 million, driving a record gain in the utility’s shares. Turkey’s energy industry is very attractive to international companies as electricity demand in Turkey is set to grow by an average 6.3 percent over the next 20 years."

More:EU-DIGEST: Goldman Sachs grip on Turkey becomes more apparent after it acquires Aksa stake