27
Sat, Apr
27 New Articles

Baker McKenzie Advises ING and SACE on Push Facility to Izmir Metropolitan Municipality

Baker McKenzie Advises ING and SACE on Push Facility to Izmir Metropolitan Municipality

Turkiye
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Baker McKenzie and its Turkish affiliated firm Esin Attorney Partnership have advised ING Bank, ING-DiBa, and SACE on a EUR 50 million SACE Push Facility for the Izmir Metropolitan Municipality.

SACE is the Italian Export Credit Agency and provides insurance and financial solutions.

According to Baker McKenzie, the facility benefits from an 80% commercial and political risk SACE guarantee and is intended to be used for infrastructure projects by Izmir Metropolitan Municipality.

Based in Frankfurt, ING-DiBa is a German direct bank and ING subsidiary. The ING Group is a global financial institution with a European base, offering banking services through its operating company ING Bank. The bank’s more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries.

The Esin Attorney Partnership team included Partner Muhsin Keskin and Associate Nihat Aral. Baker McKenzie fielded teams in Germany and Italy.

Baker McKenzie at a Glance

Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.

In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

Firm's website.