Czech utility group CEZ signed an agreement with the Torunlar Group on the sale of its 50 per cent stake in Turkey’s electricity distributor AKCEZ, owned in a joint venture together with the Turkish partner AKKÖK. The transaction is now subject to approval by the Turkish antitrust authority and the local energy regulator.
The sale of shares in the AKCEZ joint venture is part of CEZ Group’s new strategy Vision 2030 – Clean Energy of Tomorrow to divest chosen assets in selected countries and instead focus on the decarbonisation of the production portfolio, development of renewable energy sources and providing modern energy services in the Czech Republic and across Europe.
CEZ Group remains active in Türkiye through the company Akenerji Elektrik Üretim, another joint venture with Turkish partners. Akenerji is primarily engaged in the production of electricity from renewable and gas sources, with a total installed capacity of 1,224 megawatts (MW).