China's Global Law Office has advised a consortium consisting of China Merchants Expressway Network & Technology Holdings Co., Ltd., China Merchants Union Limited, Zhejiang Expressway Co., Ltd., Jiangsu Expressway Company Limited, Sichuan Expressway Company Limited, and Anhui Expressway Company Limited on its acquisition of 51% of the project company of Istanbul's Third Bridge and Northern Marmara Motorway project.
The Share Purchase Agreement and other related transaction documents were signed in Beijing on December 23, 2019. Closing remains subject to governmental approval.
According to the Global Law Office, "the transaction amount exceeds USD 688 million, which represents the largest infrastructure M&A transaction in Turkey and the largest cross-border investment by China-based investors in Turkey to date."
The GLO team was led by Partners Jinrong Liu, Wei Qin, and Shifang Guo, supported by lawyers Ting Chen, Yuxin Wu, Zhuoya Yang, Quanxin Li, and Yixin Wang.