Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2011-12-01/turkey-energy-stocks-rise-minister-s-foreign-investment-comment.html

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


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus