5/20/2009

CEZ completes acquisition of Akenerji stakes

Haber Turk - Czech power utility CEZ completed the acquisition of a 37.3 percent stake in Turkey's Akenerji, the Turkish company announced on Monday. In a statement to the stock market, Akenerji said Prague-based CEZ completed the acquisition following a deal signed on May 14. In 2008, CEZ said it would pay USD 302.6 million to take half of the 75 percent Akenerji stake from the main owner, Turkey's multi-industry Akkok Group.

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