Minister Bayraktar announced: 5 public energy giants are preparing for public offering

Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar said the government has begun preparations to publicly list five state energy companies—TEİAŞ, EÜAŞ, Eti Maden, BOTAŞ and TPAO—as part of a structural transformation, with a model under consideration that would keep public ownership in the majority. Bayraktar said the five firms need to make a combined $210 billion in investment through 2040, underscoring the scale of financing required as Turkey reshapes its state-dominated energy sector. The listings would mark a significant opening of strategic electricity, gas, oil and mining assets to private capital while the state retains control. Investors will watch for the share sale structure, valuation details and timing of the offerings, and for how the government balances minority investors’ rights with its majority stake.