Paksoy has advised Migros Ticaret AS on the sale of 99% of its subsidiary Ramstore Macedonia DOO to City Plaza DOO Skopje, which was reportedly advised by Debarliev, Dameski & Kelesoska. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approval.
Ramstore Macedonia DOO is a supermarket chain operating in seven different cities in North Macedonia and owns a shopping mall. Migros will sell its shares in Ramstore Macedonia DOO through its 100% subsidiary, Ramstore Bulgaria EAD.
Paksoy’s team included Partners Sera Somay and Nazli Bezirci and Associate Gozde Zorlu.