Paksoy has advised the EBRD on its USD 20 million long-term loan for Uludag Icecek to pursue green investments in Turkey. Egemenoglu advised the borrower.
According to Egemenoglu, Uludag Icecek "plans to utilize the loan to fund (1) a new warehouse for the Yenice plant, (2) a wastewater recovery facility for the Caybasi plant, and (3) solar panel investments for both facilities. The loan sets an excellent example of green finance in Turkey, aiming to minimize Uludag Icecek's carbon footprint and water use."
Uludag Icecek is a beverage manufacturer in Turkey established in 1930.
Back in 2021, Egemenoglu advised Uludag Icecek on another loan from the EBRD, amounting to EUR 15 million (as reported by CEE Legal Matters on May 3, 2021).
Paksoy’s team included Partner Sera Somay and Associates Bulent Ozturk and Muhammed Kesim.
The Egemenoglu team included Partner Gunsel Dede and Associate Irem Pelen.