Turkey’s Şen Group has struck a deal with Gazprom to buy a 71 percent stake in the Bosphorus Gaz Corp, a natural gas distribution company, it said in a statement on June 1.
Following approvals from energy and competition authorities, the group will assume ownership all of the gas distribution company, Turkey’s first private natural gas importer.
“Our decision to acquire all the stakes of Bosphorus Gaz shows our confidence in Turkey’s strong economic performance and high growth potential in the energy sector,” said Bosphorus Gaz Managing Director Adnan Şen.
