AKCEZ (Akkök-Akenerji-CEZ) Consortium pays first installment for SEDAŞ

9. 2. 2010

AKCEZ Consortium (Akköz-CEZ-Akenerji Partnership), which won the 2008 tender in which 100% shares of Turkish distribution company SEDAS were privatized, used financing from Akbank N.V, Yapı ve Kredi Bankası AŞ and Yapı Kredi Nederland N.V. to pay for the first installment to the Privatization Administration. AKCEZ received a 160 million USD loan from Akbank N.V., Yapı ve Kredi Bankası A.Ş. and Yapı Kredi Nederland N.V. with a maturity date of 1 year and 1 week.

Half the total tender amount, 300 million USD, was paid on February 11, 2009 by AKCEZ through the use of its equity capital. It was announced that for the remaining amount, AKCEZ would use the 2-year payment maturity option offered by the Privatization Administration.


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