Raiffeisen Investment has successfully advised Russian Inter RAO UES Group on the acquisition of Turkish Trakya Elektrik
Ankara/Moscow/Vienna - On December 10, 2012, Russian Inter RAO UES Group announced the acquisition of a majority stake in Turkish Trakya Elektrik from AEI Services, a unit of Ashmore Energy International Holding. Raiffeisen Investment, along with its Raiffeisen Centrobank sector experts based in Vienna, acted as the exclusive buy-side advisor to Inter RAO UES Group on the acquisition process, thus underlining once more its outstanding role as M&A advisor in the CEE region and Turkey. “The deal certainly adds another milestone to our list of references in the field of energy and utilities and lays proof of our major expertise when it comes to combine local know-how with sector competence,” says Henning von Stechow, Managing Director of Raiffeisen Centrobank.
A major deal in the fields of energy and utilities
Inter RAO UES is one of the largest Russian public energy companies with a market capitalization that exceeded USD 10.5 billion at the end of 2011. In the fiscal year 2011, the company reported revenues of USD 18 billion with more than 47,000 employees. Inter RAO UES operates 24 thermal, 1 nuclear, and 3 hydro power plants in the Russian Federation, Kazakhstan, Georgia, Moldova, and Armenia. The company produces and sells electric energy and heat and moreover trades, imports, exports, and supplies energy in Finland, Lithuania, Latvia, Ukraine, Kazakhstan, Georgia, Azerbaijan, Belarus, and China.
Based in Turkey’s capital Ankara, Trakya Elektrik Uretim Ve Ticaret AS owns and operates a 478-megawatt combined cycle gas turbine power plant which is located 100 km from Istanbul, Turkey. The plant of Trakya Elektrik supplies power to the state power utility serving residential and industrial customers. Trakya Elektrik operated as a subsidiary of AEI.
For further information on the deal please contact:
Aydin Ozol
E-Mail: a.ozol@raiffeisen-investment.com
phone: +90 212 287 10 80
Press contact: Dr. Andrea Pelinka-Kinz
E-Mail: pelinka-kinz@rcb.at
phone: + 43 1 (0) 515 20 – 614
