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