IHA006753B-EKO/05-TEM-00D0-05C2


- Zorlu Enerji Sells Oil,Gas Units To TransAtlantic Worldwide

ISTANBUL (IHA) - Turkey's Zorlu Enerji (ZOREN.IS), the energy arm of Turkish textiles-to-electronics conglomerate Zorlu Holding AS, said Monday that it has signed a deal with TransAtlantic Worldwide Ltd. to sell its oil and natural gas exploration and production operations for $96.5 million.

In a statement to the Istanbul Stock Exchange, Zorlu said it has sold its units Amity Oil International Pty Ltd. and Zorlu Petrogas Petrol Gaz ve Petrokimya Urunleri Sanayi ve Ticaret AS.

At 1240 GMT, Zorlu Enerji shares were trading 3.17% higher at TRY2.60, amid a 0.34% higher overall market.
(YC-YC-E-ENG)



05.07.2010 15:53:51 TSI
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