Paksoy has advised Nordkalk on the acquisition of mining licenses from Biga Maden and the formation of a joint venture with a Turkish partner.
Nordkalk, which Paksoy describes as "Northern Europe's leading provider of limestone-based products and a member of the Rettig Group," has expanded its operations to Turkey through a local joint venture, Nordeka Maden, which is controlled by Nordkalk and holds a mining license to operate the Eskibalikli limestone quarry in Northwest Turkey. The mining license was acquired from Biga Maden, a Turkish company owned by the Dereli family. The joint venture has started its operations, and is expected to have an annual production of 2.5 million tonnes of limestone.
The Paksoy team included Partner Stephanie Beghe Sonmez, Counsel Sansal Erbacioglu, Senior Associates Selen Terzi Ozsoylu and Burak Kepkep, and Associate Can Yasin Aksoy.