Global Investment Holdings Increasing It’s Share To 80% At Naturelgaz
20 July 2012
Global Enerji Hizmetleri ve İşletmeciliği A.Ş. (“Global Energy”), 99.99% subsidiary of Global Investment Holdings, signed a share purchase agreement for the acquisition of shares held by STFA Yatirim Holding AS (“STFA”) in Naturelgaz Sanayi ve Ticaret A.Ş. (“Naturelgaz”) corresponding to 25% of Naturelgaz.
Naturelgaz is engaged in the sales and distribution of Compressed Natural Gas (“CNG”). Global Energy currently holds 25% of Naturelgaz and had recently announced that an agreement is signed with the other shareholders to acquire another 30%. Following completion of these two share transfers, Global Energy’s share in Naturelgaz will increase to 80%, the remaing 20% is owned by Aksel Goldenberg, CEO of Naturelgaz.
The purchase price will be disclosed upon closing, following completion of regulatory approvals.
www.naturelgaz.com
www.globalyatirim.com.tr
Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com
About GIH
Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company on October 2004 (www.globalyatirim.com.tr) to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. Global Investment Holdings is listed on the Istanbul Stock Exchange (as “GLYHO.IS”) and utilizes its experience in the finance sector, for industrial business opportunities.
About Naturelgaz
Naturelgaz is a licensed company with operations since 2004. The Company’s current business is the sales and distribution of bulk Compressed Natural Gas (“CNG”) as well as providing the necessary equipment and installation services for the customer’s facilities. Besides growth in the bulk CNG market, the Company plans to further expand existing CNG sales business into the transportation industry. The largest three companies operating in the CNG market constitute approximately 95% of the total CNG consumption. Naturelgaz is one of the largest companies in this sector with approximately 40% market share
