E.ON CEO says Turkish business going well, flags Enerjisa IPO

E.ON CEO says Turkish business going well, flags Enerjisa IPO

FRANKFURT - Reuters
E.ON CEO says Turkish business going well, flags Enerjisa IPO

E.ON Chief Executive Johannes Teyssen said business in Turkey was going well, adding the group expected power demand in the country to rise and flagging a possible listing of Enerjisa, its local joint venture with Sabancı.

Sabancı in March announced that Enerjisa would be split into two corporations: One in charge of electricity distribution and retail and one responsible for generation and trade.

Teyssen on Aug. 9 said these businesses could be listed on the stock exchange, similar to a split at E.ON last year that saw most of its power plants and energy trading business being spun off in a separate entity - Uniper, as reported by Reuters. 

Relations between Germany and Turkey have deteriorated amid a crackdown that followed the failed coup last year and included the arrest of 10 rights activists last month, including a German.