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MESSAGE (ENGLISH VERSION) | |
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AKCEZ (Akkök-Akenerji-CEZ) Consortium pays first installment for SEDAÅž
AKCEZ Consortium (Akköz-CEZ-Akenerji Partnership), which won the 2008
tender in which 100% shares of Turkish distribution company SEDAS were
privatized, used financing from Akbank N.V, Yapı ve Kredi Bankası AÅž and
Yapı Kredi Nederland N.V. to pay for the first installment to the
Privatization Administration. AKCEZ received a 160 million USD loan from
Akbank N.V., Yapı ve Kredi Bankası A.Åž. and Yapı Kredi Nederland N.V.
with a maturity date of 1 year and 1 week.
Half the total tender amount, 300 million USD, was paid on February 11,
2009 by AKCEZ through the use of its equity capital. It was announced
that for the remaining amount, AKCEZ would use the 2-year payment
maturity option offered by the Privatization Administration.
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