Cal?k Energy to partner with German EWE
Çal?k Energy has reached an agreement with German energy company EWE over the sale of 39.9 percent of one of its subsidiaries, Bursagaz, which provides and distributes natural gas to Bursa.
The agreement is not confined to energy but also includes developing cooperation in water, electricity distribution and telecommunications. EWE has an annual turnover of 7.4 billion euros and 5,500 workers. If the agreement is concluded successfully, the partnership structure will change, with 50.1 percent of Bursagaz remaining with Çal?k Energy, 39.9 percent belonging to EWE and the Municipality of Bursa holding the remaining 10 percent.