Companies & Finance

SOCAR interested in buying EWE’s Turkish assets

State Oil Company of Azerbaijan Republic is interested in buying German company EWE’s assets in Turkey.
By Staff reporter 9 August 2018 0 32081

State Oil Company of Azerbaijan Republic is interested in buying German company EWE’s assets in Turkey, Turkish media reported on Wednesday.

EWE's Turkish subsidiary has assets that include 80% stakes in gas suppliers Bursagaz and Kayserigaz as well as two wholly owned trading companies, EWE Enerji and Enervis Enerji Servis.

EWE confirmed Interfax Natural Gas Daily on Thursday that it intends to sell its Turkish subsidiary if an acceptable offer is made: “We noticed there are some interested parties for this business. If a prospective customer wants...