The upcoming IPO of Enerjisa – a joint venture between German utility E.ON and Turkey’s Sabanci Holding – values the Turkish energy distribution and retail company at about €1.58bn ($1.97bn), E.ON said.
As E.ON and Sabanci each sell 10% of Enerjisa, E.ON can count on receiving some €158m through the IPO, further increasing its financial room to maneuver after it recently announced the sale of 46.65%
