Garanti BBVA: Facilitates major deal in Turkish wind energy market
- Garanti BBVA Securities assumed the sole financial advisory services role in the largest power plant sale in 2019 in Turkey
- The recently announced deal consisted of the sale of Zorlu Rüzgar, to renewable energy company, Akfen Yenilenebilir
- The share purchase agreement for the shares of Zorlu Rüzgar signed between Zorlu Energy and Akfen Yenilenebilir
- Zorlu Rüzgar was also a subsidiary of Zorlu Energy, part of Zorlu Holding which is one of the largest corporate groups in Turkey
- The acquisition also moves Akfen Yenilenebilir one of the biggest renewable energy companies in Turkey
- The deal represents a source of new capital for Zorlu Enerji and also used to drive its growth strategy
