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Asharq Al-Awsat

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Asharq Al-Awsat

Abu Dhabi's IHC Takes $490m Stake in Turkey's Kalyon

IHC Turkey Abu Dhabi

Abu Dhabi’s International Holding Co on Thursday said it had acquired a 50% stake in Turkey’s Kalyon Enerji for 1.8 billion dirham ($490 million) through one of its subsidiaries.

Kalyon Enerji is part of Turkey’s Kalyon Holding, which has interests in construction, energy and aviation. IHC subsidiary International Energy Holding will acquire the stake, IHC said.

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