Torunlar Group to acquire a 50% stake in AKCEZ Enerji from CEZ Group.

Torunlar Group, an industrial group, agreed to acquire a 50% stake in AKCEZ Enerji, an electricity distribution firm, from CEZ Group, an energy company. Financial terms were not disclosed. The sale of shares in the AKCEZ joint venture is part of CEZ Group´s new strategy “Vision 2030 – Clean Energy of Tomorrow” to divest chosen assets in selected countries and instead focus on the decarbonization of the production portfolio, development of renewable energy sources and providing modern energy services in the Czech Republic and across Europe.