Paksoy has advised the Ergo insurance company on the May 2, 2019 sale of Ergo Sigorta, the company's non-life insurance subsidiary, to HDI Sigorta. Kolcuoglu Demirkan Kocakli advised HDI on the deal.
Closing remains subject to approval of the Turkish Treasury and Competition Board.
Paksoy’s team was led by Partner Sera Somay, supported by Counsel Nazli Bezirci and Associate Can Yasin Aksoy.
The Kolcuoglu Demirkan Kocakli team consisted of Managing Partner Umut Kolcuoglu, Partner Begum Incecam, Senior Associate Alp Ercetin, and Associates Basak Islim, Ali Tuncsav, and Duygu Dursun. Kolcuoglu and Ercetin also led the German Desk, which consisted of Associates Ayse Aydin, Cihan Mercan, and Seyda Gur, and Trainee lawyer Merve Tuzmen.