Turkey's Akfen Holding expects to complete the sale of its hydropower plants to Germany's Aquila Hydropower early next week, Chairman Hamdi Akin told Reuters on Friday. The annual power generation capacity of plants to be sold is 139 million kWh and an option to buy the remaining 400 million kWh capacity plants was also given to the German company, Akin said.
"We will probably have completed the sale on Monday or Tuesday," Akin told Reuters in an interview a day after the company announced to the stock exchange that it had opened talks to sell its Akfenhes unit and subsidiaries to Aquila. He gave no indication of how much Akfen expected to earn from the sale. Akfen Holding's share price had firmed to 10.32 lira by 1200 GMT on Friday from 9.75 lira when the announcement of the sale was made on Thursday afternoon.
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