Brief: Sabanci Holding To Make Capital Contribution To Sabanci Iklim Teknolojileri By $75.0 Million

Haci Omer Sabanci Holding

26/09/2023 06:12

Sept 26 (Reuters) - SABANCI HOLDING  SAHOL.IS :
    * SAID ON MONDAY DECIDES TO MAKE ADDITIONAL CAPITAL
CONTRIBUTION
TO SABANCI IKLIM TEKNOLOJILERI BY $75.0 MILLION 
    * TO CONTRIBUTE TO SHARE CAPITAL IN ORDER TO FINANCE
INVESTMENT
PROJECTS, PARTICULARLY NEW CAPACITY INVESTMENTS IN RENEWABLE
ENERGY IN LINE WITH GROWTH PLANS ABROAD
    * INVESTMENT PROCESS TO SET UP 272 MW SOLAR POWER PLANT IN
USA BY
SABANCI IKLIM TEKNOLOJILERI'S 100% UNIT SABANCI RENEWABLES INC.
PROCEEDS AS PLANNED
    * THE PLANT IS EXPECTED TO BE ACTIVATED IN SECOND QUARTER OF
2024

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA951STZ
 Further company coverage:  SAHOL.IS  

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