Bezen & Partners has advised the French utility and infrastructure conglomerate Suez Group on its successfully bid for a 29-year concession from the Canakkale Waste Management Municipal Union and the subsequent TRY 95 million financing from the EBRD for the development of a modern, efficient, and sustainable waste management system in Canakkale. Kolcuoglu Demirkan Kocakli Attorneys advised the EBRD.
The financing consists of a TRY 57.5 million loan from the EBRD and TRY 38.3 million of equity committed by the sponsors Suez and Atlas.
The project aims to improve recycling practices in accordance with EU standards and to reduce the amount of solid waste being sent to landfill.
The Bezen & Partners team was led by Partners Yesim Bezen, Murat Soylu, and Can Ozilhan, and included Associate Zeki Nizam Cebe.
The Kolcuoglu Demirkan Kockali team consisted of Partner Umut Kolcuoglu, Senior Associates Bihter Bozbay, Gokce Ildiri, and Selin Balkir, and Associate Ipek Yuksel.