Sabanc

Turkish conglomerate Sabanc? Holding has plans to make its largest amount of investments on energy in 2016, said Chief Executive Officer Zafer Kurtul on Feb. 29.

Turkey's Enerjisa, a joint venture between Sabanc? Holding and Germany's E.ON , plans to sell three hydroelectric power plants to rationalize its portfolio and cut debt, and has appointed bankers to manage the sale, three banking sources said.

Turkish businesswoman Güler Sabanc?, the chairperson of Sabanc? Holding, was ranked fourth on a recent list of the most powerful women in the Europe, Middle East and Africa (EMEA) region prepared by Fortune magazine.

The Boyner Group, one of the leading companies in the non-food retail sector, announced recently that it was cooperating with the World Bank?s International Finance Corporation (IFC) to support women entrepreneurs in the supply chain.

Turkish lender Akbank has mandated a consortium of international banks to renew its syndicated loan amounting to a total of $1.2 billion, it said March 13 in a written statement to the Public Disclosure Platform.