Goldman Sachs has bought 26.5 percent of Aksa Enerji Uretim AS (AKSEN), one of Turkey’s two biggest power producers, for about $450 million, driving a record gain in the utility’s shares. Turkey’s energy industry is very attractive to international companies as electricity demand in Turkey is set to grow by an average 6.3 percent over the next 20 years.
As to the political environment in Turkey, Goldman Sachs, in a similar fashion as they did with the previous government of Greece, are trying to get a controlling influence on the present political establishment in Turkey. Openly supporting PM Erdogan political policies. In an official statement by Goldman Sachs analysts Ahmet Akarli and Clemens Grafe they said: "The resignations of Turkey’s four top generals on July 29 is unlikely to become a major political crisis and shows that Prime Minister Recep Tayyip Erdogan is consolidating civilian control over the country. Turkey’s civil society structures are currently being consolidated, helping to strengthen its democracy".
One does not have to be an Einstein to understand why Goldman Sachs has an interest to become intertwined with the Erdogan Government. During an interview with Time Magazine in June, a Goldman Sachs spokesman said: "Turkey has the 17th largest economy in the world, and predicted it would break into the top 10 economies by 2050."
The company which does not show its name on their corporate Wall Street office, certainly is far more visible in Turkey. As the saying goes: "Beware of false prophets, who come to you in sheep's clothing".
EU-Digest
No comments:
Post a Comment