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Announcements
Public Notification

Public Notification

On September 30, 2021, Limak Investment and global sustainable infrastructure investor Actis, have signed Share Purchase Agreement for Limak to sell all of its 100 percent share in Uluğ Energy Distribution and Retail Services Co. (‘Uluğ’), the sole shareholder of Uludağ Electricity Distribution Co. (‘Uludağ Elektrik Dağıtım A.Ş.’) and Limak Uludağ Retail Services Co. (‘Uludağ Elektrik Şirketleri’) providing electricity distribution and retail services to Uludağ Region that also includes Turkish provinces of Bursa, Balıkesir, Çanakkale and Yalova. 
 
The transaction remains subject to approvals by the Turkish Competition Authority, Republic of Turkey Energy Market Regulatory Authority and other relevant conditions. 
 
Actis is a leading global investor in sustainable infrastructure operating from 18 offices around the world. The firm has raised US$24bn capital since its inception. The Actis energy business has developed over 24GW of capacity to date and its businesses currently serve over 40 million people. 
 
Related to the Share Purchase Agreement signed, Limak Investments’ Chair Ebru Özdemir said: 

“Following one-year of dialogue between UK-based Actis and Uludağ Elektrik, we have finally signed the share purchase agreement. I believe this agreement clearly shows the appetite of foreign investors to Turkey’s potential related to the infrastructure investments. In the upcoming years, we expect growth in our sector and our country, which continues to be a safe harbor for foreign investors. As Limak Group of Companies we are planning to invest the raised from this divestment to the new projects we are planning to pursue in sectors we are active in Turkey.”
 

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