ISTANBUL (Turkey), December 29 (SeeNews) – Turkish investment firm Egeli & Co Girisim Sermayesi Yatirim Ortakligi [BIST:EGLYO] said it has agreed to sell its 50% stake in local generators provider JKS Enerji Guc Sistemleri Tic. ve San. A.S.
Egeli & Co Girisim said in a bourse filing on Friday that it will sell the stake to local individual investors Andac Tulgarlar and Eber Samat, shareholders in JKS Enerji Gus Sistemleri, for a total of 750,000 Turkish lira ($323,000/264,000 euro) and will receive the payment in five instalments by May 29, 2015.
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JKS Enerji Guc Sistemleri is engaged in the import, sales, installation, service, maintenance and rental of generator sets and equipment.
Egeli & Co Girisim is 84.03%-owned by Turkish investment holding firm Egeli & Co Yatirim Holding. The remaining shares of the company are trading on Borsa Istanbul.
(1 euro = 2.8365 Turkish lira)