Turkey's Egeli & Co Girisim to divest 50% stake in JKS Enerji Guc Sistemleri

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.

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)