Business · Companies · 3 hrs ago
Zorlu Enerji to Sell Its Electrip Stake for $147.6 Million
Zorlu Enerji agreed to sell its entire stake in Electrip Global, ending its ownership in the electric-vehicle charging company.
The stake is 41.28%, and Wren House Infrastructure and Kuwait Investment Authority will pay about $147.6 million.
Electrip is linked to Zorlu Energy Solutions, or ZES, a charging network serving drivers across Türkiye.
ZES operates in all 81 provinces, with more than 1,800 charging locations and over 5,000 charging sockets; the sale does not mean its stations will close.
Zorlu Enerji says it will use the proceeds for new investment spending and to repay some financial obligations.
The deal is expected to close on October 22, 2026, after which Zorlu Enerji's stake in Electrip will fall to zero.
Zorlu Enerji agreed to sell its 41.28% stake in Electrip Global Limited for about $147.6 million.
The buyers are Wren House Infrastructure LP and Kuwait Investment Authority.
The share transfer agreement was signed on October 19, 2026, and completion is planned for October 22.
After the sale, Zorlu Enerji’s stake in Electrip will fall to zero.
The company said the proceeds will help fund investments and repay some financial obligations.
- Who
- Zorlu Enerji is selling its stake to Wren House Infrastructure LP and Kuwait Investment Authority.
- What
- It agreed to sell its 41.28% stake in Electrip Global Limited for $147,619,178.97.
- When
- The agreement was signed on October 19, 2026. Completion is planned for October 22, 2026.
- Where
- The stake is in Electrip Global Limited, which operates in electric-vehicle charging services.
- Why
- Zorlu Enerji said it will use the proceeds for investment spending and repayment of some financial obligations.
This story does not have two clearly opposing sides.
Zorlu Enerji signed the share transfer agreement for its Electrip stake.
Completion of the sale is planned.
Zorlu Enerji is due to report the transaction’s resulting profit or loss in its financial report.
- Stake for sale
- 41.28% of Electrip Global Limited
- Sale price
- $147,619,178.97
- Buyers
- Wren House Infrastructure LP and Kuwait Investment Authority
- Shares
- 16,128.52 Class A shares
- Planned completion
- October 22, 2026