Middle East Economic Survey
Koç Holding And AES Plan Joint Venture For $4-5Bn Energy Investment
Turkeys Koç Holding has announced its intention to form a joint venture with AES Corporation of the US to develop and operate power generation facilities throughout Turkey. AES subsidiary AES Mont Blanc Holdings BV, which is Netherlands-based, will acquire a 49.6% stake in Entek from Aygaz, a subsidiary of the Koç Group, for $136.5mn. Upon...