Brief: Is Bankası Says It Sells 50% Stake In Greeneco Enerji Elektrik Uretim To Its Subsidiary Is Enerji Yatirimlari

Turkiye Is Bankasi AS

31/12/2025 06:43

Dec 31 (Reuters) - TÜRKİYE İŞ BANKASI ISCTR.IS:

SAYS IT SELLS 50% STAKE IN GEOTHERMAL POWER PLANT OPERATOR GREENECO ENERJI ELEKTRIK ÜRETIM TO ITS WHOLLY OWNED SUBSIDIARY IŞ ENERJI YATIRIMLARI

IS BANKASI HAD VALUED STAKE AT $130 MILLION WHEN ACQUIRING IT IN 2023

SAYS SALE PRICE WAS SET AT $100 MILLION

OF THAT AMOUNT, $20 MILLION HAS BEEN COLLECTED UPFRONT, WITH REMAINING BALANCE DUE IN 2026

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 (Gdansk Newsroom)

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