CMEC to acquire a 75% stake in Osmangazi Elektrik Dagitim and Osmangazi Elektrik Perakende Satıs for $385m.

China Machinery Engineering, a construction and engineering company, and Guoxin International Investment, a sovereign wealth fund located in Hong Kong, agreed to acquire a 75% stake in Osmangazi Elektrik Dagitim and Osmangazi Elektrik Perakende Satıs, providers of electric transmission and distribution services, from Dedeli Yatirim, an investment company, for $385m.