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Turunc Advises ICTSI on Acquisition of Majority Stake in Turkish Port Manager

Turunc Advises ICTSI on Acquisition of Majority Stake in Turkish Port Manager

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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.

Turkey Knowledge Partner

Founded in 1990, TURUNÇ is a leading, full-service Turkish law firm providing cutting-edge legal advice and representation to a global clientele. We provide the highest quality of legal service in each of our practice areas and we take pride in the work we do. Since our founding, we have always maintained a friendly, open and inclusive firm culture in which individuality and independent thinking are highly prized. Our lawyers work in collaborative, collegial teams across our practice areas.

All News about, and Legal Analysis by, TURUNÇ can be found here.

Firm's website: www.turunc.av.tr

 

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