Zorlu Energy sells its remaining stake in ZES charging network parent Electrip Global

Zorlu Energy has sold its remaining shares in Electrip Global Limited, the parent company of ZES, Turkey's most widespread electric vehicle charging network. In a statement to the Public Disclosure Platform (KAP), the company said it had completed the transfer of its 41.28% stake in Electrip Global. Following the deal, Zorlu Energy holds 0% of the company.

Sale price and buyer

According to the KAP filing, Zorlu Energy transferred all 16,128.52 shares it held to Wren House Infrastructure LP, which is linked to the Kuwait Investment Authority. The sale price was $147,619,178. The company said the proceeds will be used to repay its existing financial debt.

In 2024, Zorlu Energy had already transferred the majority of Electrip shares to the Wren House structure, also within the Kuwait Investment Authority. With the latest sale, the ownership of the company has passed entirely to international shareholders.

What happens to the ZES brand and stations

According to the source, under current regulations and licence agreements, the Zorlu Energy Solutions (ZES) brand can continue to operate until its licence term expires. No disruption to user experience or station services is expected in the near term. In the medium and long term, the stations in Turkey are expected to gradually switch to the Electrip logo and corporate identity. Electrip is already expanding in European countries such as Italy, France and Poland under its own name.

ZES was the first operator to build stations in all 81 provinces of Turkey. According to Energy Market Regulatory Authority (EPDK) data, it operates at more than 1,800 locations nationwide. The network has more than 5,500 sockets, including roughly 2,860 AC and 2,690 DC charging points. The new owners have not yet announced their investment strategy for the Turkish market.