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

Turkish Energy and Natural Resources Minister Alparslan Bayraktar said the government has begun preparatory work to publicly list five state energy companies—electricity transmission operator TEİAŞ, generation company EÜAŞ, rare-earth miner Eti Maden, gas pipeline operator BOTAŞ and oil producer TPAO—as part of a structural overhaul. The model under consideration would keep the state as majority shareholder in each firm. Bayraktar said the five companies will need to invest a combined $210 billion through 2040. The listings would mark one of Turkey's largest privatizations of energy assets and give the firms access to capital markets to fund that spending. Investors will watch for the share sale structure, valuation and timetable, and how minority stakes are priced while Ankara retains control.