Bloomberg News

Turkey Energy Stocks Rise Minister’s Foreign Investment Comment

December 01, 2011

Dec. 1 (Bloomberg) -- Turkish energy companies rose a second day as Energy Minister Taner Yildiz said today he expected a new foreign investor to enter the country’s industry.

The index of Turkish electricity producers rose as much as 4.5 percent before trading 3.9 percent higher at 12:21 p.m. in Istanbul, heading for its biggest jump since Aug. 29. Turkey’s benchmark ISE National 100 increased 0.2 percent.

Akenerji Elektrik Uretim AS, the utility put up for sale by owners CEZ AS of the Czech Republic and Akkok Group of Turkey, jumped 5.3 percent to 2.20 liras. Zorlu Enerji Elektrik Uretim AS gained 3.8 percent to 1.63 liras and Ayen Enerji AS, a utility, gained 2.3 percent to 1.34 liras.

Turkey will see a “serious investment” in the energy sector in coming days, Yildiz said at a meeting of the Turkish Industrialists and Businessmen’s Association in Istanbul today.

--Editors: Linda Shen, Ana Monteiro

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net -0- Dec/01/2011 10:45 GMT


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus