Aydem Group's Turkish Power Grid Subsidiaries Plan IPOs in 2025

Aydem Group plans to list two subsidiaries, GDZ Elektrik Dagitim and ADM Elektrik Dagitim, on the Istanbul stock exchange in 2025. The IPOs are expected to value the grid operators at $2.2 billion and $1.5 billion, respectively. Proceeds from the IPOs will be used for infrastructure investments and debt repayment. The listings are seen as a positive sign for the Turkish market, which has seen a decline in IPO activities due to tighter monetary policy.

The Turkish energy sector is set to experience a significant boost with the announcement that Aydem Group, a leading renewable energy producer in Turkey [1], plans to list two of its subsidiaries, GDZ Elektrik Dagitim and ADM Elektrik Dagitim, on the Istanbul Stock Exchange (BIST) in 2025 [2]. The initial public offerings (IPOs) are expected to value the grid operators at approximately $2.2 billion and $1.5 billion, respectively [2].

The proceeds from the IPOs will be utilized primarily for infrastructure investments and debt repayment [2]. This development is viewed as a positive sign for the Turkish market, which has witnessed a decline in IPO activities due to tighter monetary policy [3].

Aydem Group, which generates electricity from hydroelectric, wind, solar, geothermal, and biogas power plants [1], has been actively investing in its subsidiaries. In a recent interview with Inbusiness Magazine, the company's General Manager, Ahmet Bayramoğlu, shared the company's roadmap and investment plans [2].

GDZ Elektrik Dagitim and ADM Elektrik Dagitim are integral parts of Aydem Group's operations, responsible for electricity transmission, distribution, wholesale, and retail sales [1]. The listing on the BIST is expected to provide these subsidiaries with increased visibility, access to capital, and the opportunity to expand their operations further.

Aydem Group's commitment to sustainability is also noteworthy. The company's energy portfolio consists of 25 power plants, producing from 100% renewable resources [1]. In addition, the company has received six awards for its sustainability report at the Vision Awards [3].

Sources:

[1] Aydem Renewable Energy AS. (n.d.). Retrieved from https://www.marketscreener.com/quote/stock/AYDEM-YENILENEBILIR-ENERJ-122419124/
[2] Aydem Group. (2023, April 1). Retrieved from https://www.admelektrik.com.tr/en/media-center/bulletins/adm-gdz-elektrik-ve-tedas%C3%B6n-dijital-at%C3%B6lye-protokol%C3%BC
[3] Aydem Group. (n.d.). Retrieved from https://www.admelektrik.com.tr/en/media-center/bulletins/six-awards-for-adm-elektrik-at-vision-awards