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SABANCI / VERBUND / ENERJISA JV
M.4634
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
÷sterreichische Elektrizit‰tswirtschafts-Aktiengesellschaft ("VERBUND") intends to acquire 49.99% of the shares in ENERJISA Enerji ‹retim A.S. ("ENERJISA") from H.÷. SABANCI Holding A.S. ("SABANCI"), a leading industrial and financial conglomerate in Turkey. As a result of the transaction, ENERJISA shall be jointly controlled by VERBUND and SABANCI.
ENERJISA, with its subsidiaries, is active in the generation, trade and supply of electric energy.
The creation of the joint venture will exclusively have an impact on the energy markets in Turkey. On these markets, ENERJISA will benefit from the know-how and experience of its parent companies. VERBUND will provide its knowledge as regards, in particular, the production of and trading with electricity. SABANCI will contribute its experience on the relevant Turkish energy markets.