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Bursagaz

Sector: Natural Gas • Location: Turkey

Source: World Bank Group

Project
Active

Bursagaz was created to carry out natural gas distribution Bursa city in 1997. The company was a subsidiary of Botas Petroleum Pipeline Corporation, which in turn was a subsidiary of state-owned Turkish Petroleum Corporation (TPAO). Bursagaz was privatized April in 2004 when the Turkish privatization administration sold 100% stake to Calik Energy and Industry Company (Calik Holding) for US$120 mil

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The project “Bursagaz” is an infrastructure initiative in the Natural Gas sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Bursagaz was created to carry out natural gas distribution Bursa city in 1997. The company was a subsidiary of Botas Petroleum Pipeline Corporation, which in turn was a subsidiary of state-owned Turkish Petroleum Corporation (TPAO). Bursagaz was privatized April in 2004 when the Turkish privatization administration sold 100% stake to Calik Energy and Industry Company (Calik Holding) for US$120 million. The company was put on the privatization scheme in September 2002 and was sold through a block sale to Calik Holding. The final price (US$120 million) resulted from a final price negotiation. In April 2007, German energy firm EWE reached an agreement to buy 39.9% stake in Bursagaz. In Novemeber 2008, EWE acquired an additional 40.15 stake in Bursagaz from Calik Group, increasing its stake to 80%. Capacity info from http://www.bursagaz.com/Unsere-Geschichte/873/4567/Unsere-Geschichte.html ARs in English only up to 2007, ARs in Turkish up to 2011 http://www.bursagaz.com/kategori/605/Faaliyet-Raporu.html

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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