Billion-dollar financing deal lifts Sabancı shares

Haci Omer Sabanci Holding

24/10/2024 09:36

** Sabancı Holding  SAHOL.IS  shares rise about 3% after the
Turkish conglomerate said it had secured a 1.01 billion dollar
loan for its joint venture Enerjisa Enerji Üretim
    ** The loan, sourced from various international and local
lenders, is to finance renewable energy projects with 750 MW
capacity in western Turkey, the company said 
    ** Serhat Başkurt, algorithmic operations manager at ALB
Yatırım brokerage, says the financing deal reached after energy
ministry's 2030 road map, Enerjisa Enerji Üretim removes an
obstacle for Enerjisa Enerji Üretim to reach it's 5000 MW energy
production capacity goal
    ** Brokerage Oyak Yatırım says it expects news to reflect
slightly positive on Sabancı shares

 (Reporting by Miraç Eren Dereli; Additional reporting by Canan
Sevgili)
 ((miraceren.dereli@thomsonreuters.com))