Limak Investment and Actis, a global sustainable infrastructure investor, have completed a share transfer of Uluğ Energy Distribution and Retail Services Co (Uluğ).
The Share Purchase Agreement, which was first signed in September 2021, has met the necessary requirements of the Turkish Competition Authority, the Republic of Turkey Energy Market Regulatory Authority and other necessary authorisations. As a result, 100 per cent of shares in Uluğ have been transferred from Limak Investments to Actis.
Uluğ provides electricity distribution and retail services to the South Marmara Region of Turkey, which includes the provinces of Bursa, Balıkesir, Çanakkale and Yalova.
Actis is a leading global long-term investor in sustainable infrastructure and has raised USD24 billion in capital since its inception. The Actis energy business has developed over 24GW of capacity to date and its businesses currently serve over 40 million people.
