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KSB and Gurel Yoruker Advise on Energo-Pro Acquisition in Turkey

KSB and Gurel Yoruker Advise on Energo-Pro Acquisition in Turkey

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KSB has acted for the Energo-Pro group on its acquisition of 100% of the shares in Murat Nehri (a Turkish company currently developing the 280 MW Alpaslan II Hydroelectric Power Plant on the Murat river in Mus province in South-Eastern Turkey) from Enerjisa Enerji Uretim — a 50-50 joint venture of the Turkish Sabanci Group and German E.ON. The Gurel Yoruker firm advised the sellers on the deal, which closed on April 28, 2017. Financial terms were not disclosed.

Energo-Pro was founded in 1994 in Svitavy, in the Czech Republic, and is now based in Prague. It engages in the generation, delivery, and trading of electricity from renewable energy sources, and it builds, owns, and operates hydro power plants and electricity infrastructure in Central and Eastern Europe. Energo-Pro reports that the Alpaslan II will, when operational, be the ninth largest dam in Turkey -- with the first eight all owned by the Turkish state. Energo-Pro also obtained a license to operate the power plant through 2059. 

The KSB team advising on the transaction was led by Partner Christian Blatchford, working with Partner Martin Krejci, Lawyer Ondrej Mikula, and Trainee Lawyer Jana Guricova.

The Gurel Yoruker team was led by Partner Sibel Yurttutan.

Editor's Note: After this article was published, Gurel Yoruker announced that Senior Associate Ebru Padar and Junior Associate Ece Ilci were also on the firm's team.

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