OMV-led group seeks Lehman's Borasco stake-partner
Güncelleme Tarihi:
Oluşturulma Tarihi: Eylül 19, 2008 12:29
Turkish Met Group and Austrian partner OMV have applied to buy a Lehman Brothers -owned 25 percent stake in their joint venture Borasco Elektrik, the chief executive of Met Group told Reuters on Thursday.
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The joint venture was created to carry out a power generation project expected to generate 890 Megawatts from a natural gas-fired plant in northern Turkey, which will require approximately 500 million euros ($723 millon) of investment.
OMV holds 60 percent of Borasco Elektrik's 200-million-lira ($156-million) paid-in capital, while Lehman's investment arm Turcap Investments has 25 percent and Met 15 percent.