Investments Reveal the Confidence in Turkey
The public offering of Enerjisa Enerji, realized through the sales of equal common shares of Sabancı Holding and E.ON, has gone down in history as the largest private sector public offering on TL basis in Turkey, due to the huge demand from foreign and domestic investors. Enerjisa Enerji's shareholders Sabancı Holding and E.ON announced that they plan to transfer the proceeds from this public offering back to the energy business in Turkey.*
The public offering of Enerjisa Enerji, which is one of the leading energy companies in Turkey, is successfully completed and has started trading on the Istanbul Stock Exchange 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, of which 20% was taken public. Enerjisa Enerji A.Ş. has attracted attentions as the stock with the highest trading volume in Stock Exchange Istanbul on its first trading day.
“We take strength from our country"
In his statement, Sabancı Holding CEO Mehmet Göçmen said, "As Sabancı, we take strength from our trust in our country. The healthy market conditions and high potential established in the energy industry as well, allow us to confidently carry on our path. Enerjisa Enerji A.Ş. public offering attracted attention both from domestic and foreign investors, proving once again the potential of our country and industry. We are very glad to create value for our country via 5 times more demand we received at Enerjisa Enerji public offering, especially by the huge demand we received from foreign investors. We, as Sabancı Holding, are planning to utilize the proceeds from this public offering, for the capital increase of Enerjisa Generation."
“Public offering crystallized the true value of the business”
E.ON CEO Johannes Teyssen said that the success of the public offering clearly revealed the confidence of the capital market in Enerjisa. "This is one of the largest IPOs in Turkey in the last years. The success of the IPO clearly reveals that the investors are convinced of the high growth potential in the electricity industry and they have confidence in Enerjisa. As a result of our confidence and belief in Turkey and in the energy industry, we will utilize the proceeds from this public offering for the further growth of our energy business in Turkey."
* Statement made by Sabancı Holding and E.ON, the shareholders of Enerjisa.