The Turkish competition watchdog said on Thursday it has cleared French heavy
engineering group Alstom to acquire a 30% stake in Turkish geothermal energy
company Deltom Jeotermal Analiz Enerji Uretim Ins. San. ve Tic. AS from local
firm Delta Yatirim Holding.
Alstom will acquire the stake through its
subsidiaries Alstom Power ve Ulasim AS and Alstom Renewable Holding BV, the
regulator said in a statement.
Delta Yatirim Holding is a diversified
holding company with operations in the textile, energy, construction, tourism
sectors.