Ewe AG Archives - International Finance https://internationalfinance.com/tag/ewe-ag/ International Finance - Financial News, Magazine and Awards Thu, 27 Feb 2020 05:27:16 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.7 https://internationalfinance.com/wp-content/uploads/2020/08/favicon-1-75x75.png Ewe AG Archives - International Finance https://internationalfinance.com/tag/ewe-ag/ 32 32 German energy company Ewe AG to shut its operations in Turkey https://internationalfinance.com/company/german-ewe-ag-shut-turkey/#utm_source=rss&utm_medium=rss&utm_campaign=german-ewe-ag-shut-turkey https://internationalfinance.com/company/german-ewe-ag-shut-turkey/#respond Tue, 03 Apr 2018 08:32:21 +0000 https://www.internationalfinance.com/?p=16713 The exit follows several other foreign brands that had ended their business in the country

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]]> Ewe AG, a leading energy company in Germany that also functions in domains of telecommunications and information technology, announced it will discontinue its operations in Turkey. The company will put up its shares for sale to two regional natural gas companies – Bursagaz and Kayserigaz.

As reported by Bloomberg, Ewe AG has struck an agreement with Barclay’s where it will work as a consultant to sell its Turkish assets.

The company’s exiting the Turkish market follows the departure of several other companies from the country. Among the several exits are US retailer Crate and Barrel, Canadian lingerie company La  Senza, German cosmetics chain Douglas, UK and Dutch clothing companies Top Shop and C&A, respectively.

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