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Credentials Turkey

2009 - Buy-side Advisor to Statkraft AS.

StatkraftIn 2009 Raiffeisen Investment successfully advised Statkraft, the largest Norwegian power company, against several other bidders on entering the Turkish hydro power market. Statkraft and Global Yatirim Holding, a publicly quoted Turkish holding company, have closed a transaction pursuant to which Global sells 95% of its shares in its wholly owned subsidiary Yesil Enerji A.S., which holds controlling interests in seven hydroelectric plants throughout Turkey with a combined generation capacity of ca. 547 MW, to Statkraft.

2008 - Financial Advisor to the Government of Turkey

Baskent_Sedas_Turkey_flag_priv-agIn 2008, Raiffeisen Investment was part of an advisory consortium to the Government of Turkey on the privatisation of the electricity distribution companies Baskent Elektrik Dagıtım (BEDAŞ) and Sakarya Elektrik Dagıtım AS (SEDAŞ) by means of share sale. BEDAŞ was sold for EUR 776m to Enerjisa, a consortium formed by Verbund and Sabancı while SEDAŞ was sold for EUR 380m to Akcez, a consortium between CEZ and Akenerji. Both deals were closed in September 2008.

2008 - Sell-Side Advisor to the Shareholders of
Yeni Ilac

Yeni-IlacIn 2008, Raiffeisen Investment acted as the sell side advisor to the shareholders of Yeni Ilac ve Hammaddeleri, a mid-size Turkish pharmaceutical company, on the sale of 100% stake of Yeni Ilac ve Hammaddeleri to Recordati, a European pharmaceutical group with headquarters in Milan – Italy, for EUR 48m and some post-closing considerations.

2007 - Privatisation Advisor to the Turkish Government

petkimIn 2007, Raiffeisen Investment acted as sell side advisor to the Privatisation Administration of Turkey on the sale a of 51% stake in PETKIM Petrochemical Holding to the Consortium of Injaz Projects of Saudi Arabia and Turcas Petroleum of Turkey.

Transaction Value: USD 2.005.000.000

2006 - Buy-side Advisor to Celebi

Celebi

Underpinning its already strong position in Turkey and Hungary, Raiffeisen Investment has successfully advised the Turkish Celebi group on the acquisition of 100% of the share capital of Budapest Airport Ground Handling Ltd. Having experienced a period of substantial growth in its domestic market, this acquisition marks the Celebi's first step into Central and Eastern Europe, Europe's most rapidly growing market in terms of passenger and cargo growth.

2006 – Privatisation Advisor to the Government

ErdemirIn 2004-2005 Raiffeisen Investment advised the Turkish Privatisation Administration for the sale of a majority stake in ERDEMIR, the largest steel privatisation by transaction values in 2005, 49% of which was sold to the OYAK Group for more than twice its market capitalisation.



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