Turunc, working aside international counsel Holman Fenwick Willan, has advised International Container Terminal Services on its acquisition of a 65% stake in Turkish port manager Evyap Deniz Isletmeciligi. Guzeldere & Balkan advised the sellers on the deal.
The sale remains contingent on final approval by Turkey's Competition Authority.
Evyapport Container Terminal is the 4th largest privately owned port in Turkey with a capacity of 855,000 TEU. The port has a total area of 265,000 square meters.
ICTSI, founded by Filipino businessman Enrique Razon (reported to be the third-richest businessman in the Philippines, with a fortune of USD 5.2 billion), operates in 29 ports in Argentina, Australia, Brazil, China, Colombia, Congo, Croatia, Ecuador, Georgia, Honduras, Indonesia, Madagascar, Mexico, Nigeria, Pakistan, and Poland.
The Turunc team consisted of Kerem Turunc, Nilay Enkur, Didem Bengisu, Gozde Kiran, Naz Esen, Beste Yildizili. Esin Camlibel managed Competition matters, and Gizem Gunel was responsible for Labor law matters.
The Guzeldere Balkan team was led by Partner Altug Guzeldere.