Nuh Cimento announced that its Nuh Enerji Elektrik energy subsidiary has agreed to sell its 100 per cent stake in electricity producer Pamuk Elektrik to Haldiz Insaat Otomotiv, for a consideration of TRY8.2m (EUR 2.8m)

The deal is subject to approval from Turkish energy market regulator EPDK and from the other related local authorities, according to a bourse statement by Nuh Cimento. The Turkish cement producer added that it would record a TRY16.6mn loss from the sale.