Successful IPO indicates trust in Turkish Energy Sector

02/09/2018

The public offering of Enerjisa Enerji Company, realized through the sales of equal shares by Sabancı Holding and E.ON, has made history as the largest private sector public offering on TL basis in Turkey, due to the huge demand from international and domestic investors. Sabancı Holding and E.ON, the shareholders of Enerjisa Enerji Company, announced that they plan to use the proceeds of this public offering in the national Energy Sector.

The public offering of Enerjisa Enerji Company, which is one of the leading energy companies in Turkey, was successfully completed and started trading on the Istanbul Stock Exchange (Borsa İstanbul) with the code ENJSA as of February 8, 2018. As it was the case with the book-building process, on the first trading day, investors showed huge interest in Enerjisa Enerji Company, 20 percent of which was taken public. Enerjisa Enerji Company attracted attention as the stock with the highest trading volume in Borsa Istanbul on its first trading day and the sole stock price of which has increased.

“We take strength from our country”

In his statement, Mehmet Göçmen, CEO of Sabancı Holding said: “As Sabancı Holding, we take strength from our trust in our country. The healthy market conditions and high potential established in the energy sector allow us to carry on in our path confidently. The interest received both from both the domestic and foreign investors for the public offering of Enerjisa Enerji Company proves the potential of our company and the sector one more time. We are very glad to contribute to our economy via five times more demand we received at the public offering of Enerjisa Enerji Company, especially by the huge demand we received from international investors. As the shareholders, we will use the proceeds of this public offering, for our investments in the energy sector.”

“We believe in the Turkish Energy Market”

Johannes Teyssen, CEO of E.ON, stated that E.ON believes in the great potential of the Turkish energy market due to Turkeys expanding economy, growing electricity demand, rapid urbanization and the young and dynamic population. Teyssen: “In Enerjisa, we wrote a very important success story with Sabancı Group. The interest of international and domestic investors reveals the confidence they have in Enerjisa's performance.” Teyssen emphasized that E.ON will continue with their investments in the Turkish energy sector.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.