Polat Enerji Sanayi ve Ticaret A.S. agreed to acquire 87% stake in Meltem Enerji from Kervansaray Yatirim Holding A.S. (IBSE:KERVN) for €2.7 million on August 4, 2014. Under the terms of the transaction, total purchase price is €1.74 plus Kervansaray Yatirim Holding's debt to Meltem Enerji being paid. Polat Enerji Sanayi will pay TRY 1.29 million (€0.45 million) of Kervansaray Yatirim Holding's debt to Meltem Enerji as well as TRY 1.37 million (€0.48 million) of Kervansaray Yatirim Holding's debt to its wholly-owned unit SIS Sayilgan Dokuma Boya Iplik. The transaction is subject to approval by Turkey's energy market regulator, EMRA. As of March 18, 2015, Energy Market Regulatory Authority of Turkey approved share transfer of unit Meltem Enerji to Polat Holding. The currency conversion has been done through www.oanda.com.

Polat Enerji Sanayi ve Ticaret A.S. cancelled the acquisition of 87% stake in Meltem Enerji from Kervansaray Yatirim Holding A.S. (IBSE:KERVN) on August 4, 2015.