Citigroup mandated for Turkish gas distributor Enerya sale -sources [Reuters]
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Source: Reuters
Citigroup mandated for Turkish gas distributor Enerya sale - sources ISTANBUL (Reuters) - STFA Investment Holding and Swiss Partners Group Holding ( PGHN.S ) have mandated Citigroup for a potential sale of Enerya, a leading natural gas distributor in Turkey, three sources familiar with the matter told Reuters. The sources, who requested anonymity, said the two partners were considering options including selling all shares in the company. STFA Investment Holding and Swiss Partners Group, which took a 30% stake in Enerya in 2014, declined to respond to questions on the plan. Citigroup Inc ( C.N ) did not immediately respond to a request for comment. Enerya sold 1.4 billion cubic meters of natural gas in the nine distribution regions that it controls in 2018, according to the Energy Market Regulatory Authority’s (EPDK) most recent data. This level of sales indicates that Enerya controls 6.4% of the annual 22 billion cubic meter natural gas distribution sector in Turkey, or some 6% of
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