July 14, 2014 8:59 AM ET

Electric Utilities

Company Overview of Akdeniz Elektrik Dagitim A.S.

Company Overview

Akdeniz Elektrik Dagitim A.S. provides electricity distribution services. The company is based in Antalya, Turkey. Akdeniz Elektrik Dagitim A.S. is a former subsidiary of Turkiye Elektrik Dagitim Anonim Sirketi.

Demokrasi Kavsagi

Antalya,  46050

Turkey

Phone:

90 242 339 55 55

Key Executives for Akdeniz Elektrik Dagitim A.S.

Akdeniz Elektrik Dagitim A.S. does not have any Key Executives recorded.

Akdeniz Elektrik Dagitim A.S. Key Developments

Update On Privatization of Three Companies

The Republic of Turkey announces the tender to privatize 100% stake of Bogazici Elektrik Dagitim A.S., AKEDAS Elektrik Dagitim A.S. and Gediz Elektrik Dagitim A.S. through a block sale. The amount of bid bond for Bogazici Elektrik, AKEDAS and Gediz Elektrik are $30 million, $15 million and $23 million respectively. In addition to this, the bidder who will be invited to sign share sale agreement shall submit additional bid bond within the period determined by the privatization administration for each company. The purchase price for tender specifications and information memorandum for each company is $0.01 million. The last date to apply for prequalification for Bogazici Elektrik, AKEDAS and Gediz Elektrik are September 28, 2012, September 21, 2012 and October 5, 2012, respectively. Further the bidding deadline for Bogazici Elektrik, AKEDAS and Gediz Elektrik are November 13, 2012, November 6, 2012, and November 20, 2012, respectively. The tenders shall be realized by receiving bids in a sealed envelope and by bargaining method through negotiations and separate bids have to be given for each company. Moreover only legal persons and consortia can enter the tender.

OIB Relaunch Tenders For Sale Of Electricity Distribution Grids

Turkey's Privatisation Administration (OIB) is looking to privatize the Bogazici Elektrik Dagitim A.S., AKEDAS Elektrik Dagitim A.S. and Gediz Elektrik Dagitim A.S. OIB also added 20% stake in Baskent Dogalgaz Dagitim A.S. to the ongoing privatization.

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